Kessel, Leafs working on contract extension; could get done tomorrow

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Rick Madonik/Toronto Star

As we talked about last week, there seems to be a concerted effort to get an inevitably massive Phil Kessel contract extension signed before the regular season begins tomorrow. Kessel is reported to have no interest in the distraction of negotiating during the regular season, which never made sense to me, because getting a deal done in Toronto is far less interesting to the circling mob of Toronto media members than it is to have him playing out the string unsigned. That’s like 8 months of question material out the window.

Darren Dreger, Chris Johnston and Bob McKenzie have all put some more momentum behind the story tonight with a series of Tweets:

Getting a sense Phil Kessel's contract extension in TOR could get done as early as Tues. Leafs and Kessel's agents working towards that.

— Bob McKenzie (@TSNBobMcKenzie) October 1, 2013

But no one has confirmed it's done yet. So we'll see. If it's done, I would expect it'll be $8M per year, give or take $500K, for 7 or 8 yrs

— Bob McKenzie (@TSNBobMcKenzie) October 1, 2013

Neither Leafs nor Newport Sports (Kessel's agent) is commenting on extension speculation, however, sense is there will be news tomorrow.

— Darren Dreger (@DarrenDreger) October 1, 2013

There’s really not a whole lot of mystery involved with this contract, it’s just a matter of getting it done before the season and not risking a whole bunch of things going wrong. Like Phil finally hitting the 40-goal plateau and demanding even more money, from a more leveraged position, or the Leafs having an unexpectedly terrible season and Kessel looking into other options, or Bozak and Kessel getting into a serious roommate argument over the dirty dishes, making Phil question a once-burgeoning bromance. Or, more simply, the risk of letting Kessel get within weeks of free agency once the seasons ends, and him knowing a name like his hitting the open market on July 1 is going to make 29 other teams in the league crash and bang into each other backing up their Brinks trucks.

Phil is going to get $7.5 million-$8.5 million over 7 or 8 years, and the Leafs have to give it to him. Simple as that.

Knowing it’s done and dusted would be a nice little gift before tomorrow’s season opener.

  • skiingallday

    sad thing is that all the MSM will focus on now is if he’s living up to his contract.

  • darthNihilus

    I had a feeling this would get done smoothly and quietly. If a team cannot/will not sign its best player it destroys the rest of the team-no way he Leafs can play with that kind of distraction and continue to grow as a team.

  • whalz

    yup, Kessel is going to wake up on his 26th bday with a big fat contract signed…

  • JMAC17

    Probably done at this point.  Wait till tomorrow to distract everyone from the game

  • http://twitter.com/jmckelvie RielledUp

    Oh my god… this is the best birthday gift ever. Kessel extension AND season opener… too bad i have to study :(

  • whalz

    i bet the contract was signed earlier today, just waiting for announcement tomorrow

  • Zep2

    darthNihilus I agree. An unsigned Kessel would be a gong show .

  • sniperstar

    Phil at 7.5 for 8 years would be an absolute beauty. The money for the extra 2 mil would come right out of the Tucker and Armstrong buyouts, which if i’m not mistake come off the books next season.

  • skiingallday

    well now that the draft is over and I have Bozak…. I guess I have to be a huge Bozak fan and cheer him on… lol

  • whalz

    + add the frattin and scrivens salaries and then your there.

  • JMAC17

    skiingallday I took Bozie in a keeper league too and Kessel, JVR, Dion and Reilly

  • sniperstar

    @whalz 8 mil still wouldn’t be a terrible contract when you compare him to some of the other offensive dynamos in the league.

  • whalz

    im good with it either way, get kessel locked up and dion next is a priority.,

  • sniperstar

    @whalz Yeah. Hopefully Dion is willing to take a slight pay cut to keep this team competitive. Something like 5.5 for 5 years would be nice although I see him getting more money.

  • Zep2

    Ive been waiting for Kessel to commit before getting a jersey with 81 on the back.  Cmon Phil  Santa’s coming soon

  • Zep2

    Good nite folks

  • loomx

    Bobo has been wrong about these figures before. Thought Kadri and Franson would both sign for over $3mil.

  • sniperstar

    Zep2 He better commit. I have a limited edition Black Ice Kessel jersey I want to bust out come play off time.

  • Spayde_D

    sniperstar How many players signed that contract this year though? Perfectly in line with Getzlaf and Perry. Can’t compare to others signed in years with less cap and salaries inflate each year, fact in all sports. Reasonable to see up to $8.5 like the contract or not.

  • http://twitter.com/jmckelvie RielledUp

    -Keon- RielledUp yessir. (it already is here in NL)

  • JMAC17

    loomx Both should have, Nonis strong armed them into team friendly deals…going to pay next round to keep em though

  • Spayde_D

    JMAC17 loomx I have to think that $8 over 8 years is going to be pretty damn close. Anything less it’s a steal and a discount, anything more than $8.5 is Kessel playing hardball.

  • whalz

    hard to fukc up kessels demands on getting him to sign an extension,,……….he covered his ass and mentioned 7.5-8.5mil in his tweet……….exactly what most of us here have said.

  • sniperstar

    Spayde_D Are you talking 8.5 for Kessel of Dion? I’d sure as hell give Kessel 8.5 if that’s what it took to sign him.

  • Spayde_D

    No I just realized I read your comment completely wrong… Late night. We’re both on the same page.

  • sniperstar

    Spayde_D Okay ahaha. I know what you mean bud. Got back from classes at 5 and been studying for the past 6 hours or so. The brain is mush right now.

  • Spayde_D

    @whalz Kessel may or may not also play hockey tomorrow.
    – Bobo Mackenzie

  • sniperstar

    Zep2 Night bud.

  • JMAC17

    Spayde_D JMAC17 loomx hope that if its 8 years the cap hit is 7.5M go to 8 or 8.5 on a 7 year deal.
    Either way doenst matter, he is a cornerstone of this team, get it done!

  • .JVR.

    Damn, after a long night of drafting in two keeper leagues, that is great to read!

  • Pent_House

    I can’t wait til tomorrow. We’ll finally see the physical play come to the fore-front. Haven’t seen it much this pre-seaz but you know once the games count the boys are going to crash and bang.

  • .JVR.

    I’m gonna guess he signs a deal with a Cap Hit of $8.1 million.

  • .JVR.

    -Keon-
    Kessel’s birthday is the 2nd

  • Dougie Wraparound

    8 x 8 and a Dairy Queen ice cream cake delivered to his door every day of the off season.

  • Mattmark

    Could get done tomorrow.  Could.  The earth could also crash into the sun tomorrow.

  • .JVR.

    Dougie Wraparound 
    8 x $8.1

  • B_Leaf

    Sens have sent down Zibanejad

  • Bring the Cup Home

    i’d honestly wait on dion until the allstar break.  if we underperform and are way down in the standings, i’d want the option to maybe NOT sign dion to megabucks.  if franson is proving he’s going to be as capable and gardiner is looking rock solid, we potentially trade dion at the deadline and make a change at captain.  of course i’m hoping he’s playing great and we’re top 3 in our division and then at the allstar break we sign him to an extension.  but i’d leave the option open.

  • TuckerForPunishment

    Mattmark Not tomorrow though.  It’s too far away.  We would notice it getting hotter for days. lol

  • .JVR.

    Had Nonis used one of the compliance buyouts on Liles instead of Komisarek, how much would the standard buyout have costed for Komisarek?
    Couldn’t be more than the $2.95 million of dead cap space we have in Liles.

  • Bring the Cup Home

    if we got phil for $7.5 per year for 8 years, that would be absolutely amazing.  who knows….maybe pucksatawney phil decides that he’d rather a better shot at a cup than an extra $8 million over his career, and that making over $75 in his career will be enough to live on.  
    i’ve never understood (agents be damned) why a good young team like the leafs wouldn’t get together and just say “let’s all take 15% below market value so we can be surrounded by even better players.”  If your top guys did that, combined it would pay for another star player.  It’s not like i expect it all the time, but when a good young team is on the verge of doing good things together and that’s the only way to keep it together, then do it.

  • Black_Hawk

    please get done im fine with the money

  • Black_Hawk

    .JVR. no point in worrying about that now

  • Black_Hawk

    @whalz hopefully

  • Dangle_My_Berries

    Bring the Cup Home if kessel takes a bit of a hair cut, that would be epic in the way of him winning a great deal more support in the city. Would show Kessel wants to be here and really wants to win

  • TuckerForPunishment

    Shift_Disturber1 Poni finally throwing his weight around. lol

  • Black_Hawk

    Dangle_My_Berries Bring the Cup Home yeah that be awesome

  • moimoi

    I’d love it if Phil took a little bit of a discount, but I don’t expect it. It would just be nice icing on the cake, that’s all.

  • Dangle_My_Berries

    Dougie Wraparound 7.7 on 8 and Pillsburry Doughboy makes an appearance at his house on his birthday every year for the length of the contract…..I don’t care if hes not real!, MAKE IT HAPPEN!

  • Black_Hawk

    moimoi 7.5M a year would be awesome but i wont expect it. probably 8+