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.

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Alec Brownscombe is the founder of MapleLeafsHotStove.com, where he has written daily about the Leafs since September of 2008. He was also the editor of the 2009-12 Maple Leafs Annuals. You can contact him at [email protected]
  • 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.