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Auston Matthews Signs A Five-Year Contract Extension

via the Toronto Maple Leafs,

The Toronto Maple Leafs announced today that the club has agreed to terms with forward Auston Matthews on a five-year contract extension. The average annual value of the contract is $11.634 million.

Matthews, 21, has appeared in 38 games for the Maple Leafs this season and registered 23 goals and 23 assists for 46 points. He skated in 62 regular season games for the Maple Leafs in 2017-18 and registered 63 points (34 goals, 29 assists), while adding a goal and an assist in seven Stanley Cup playoff games. In 182 career NHL regular season games, he has recorded 178 points (97 goals, 81 assists), while registering seven points (5 goals, 2 assists) in 13 career Stanley Cup playoff games. In 2016-17, Matthews captured the Calder Trophy as the NHL's Rookie of the Year and was named to the NHL's All-Rookie Team after establishing Maple Leaf rookie records for goals (40) and points (69) in a season, which led all NHL rookies in both categories. In his NHL debut on October 12, 2016 at Ottawa, he set a new NHL record for goals scored in an NHL debut with four. The Scottsdale, Arizona native has also represented Toronto at the NHL All-Star Game in three consecutive seasons (2016, 2017, 2018).

added 1:41pm,

SB=signing bonus

 

added 1:43pm, Toronto's cap scenario is below.

Filed in: NHL Teams, Toronto Maple Leafs, | KK Hockey | Permalink
  Tags: auston+matthews

Comments

TreKronor's avatar

Wow - they’ve got to move some players for next season, right?

Posted by TreKronor on 02/05/19 at 02:41 PM ET

Paul's avatar

Bob McKenzie tweet,

The first SB of $15.2M is due July 1, 2019. The second SB of $15.2M is due July 1, 2020. So in one calendar year, starting from this July 1 to July 1 of 2020, Matthews will receive $30.4M in SB.

Posted by Paul from Motown Area on 02/05/19 at 02:43 PM ET

Avatar

So in one calendar year, starting from this July 1 to July 1 of 2020

I get his point, but July 1 to July 1 isn’t a calendar year. July 1 to June 30 is a calendar year.

Posted by CharDeeMacDennis on 02/05/19 at 02:57 PM ET

stonehands-78's avatar

I get his point, but July 1 to July 1 isn’t a calendar year. July 1 to June 30 is a calendar year.

and 2020 is leap year with 02/29/20

cheese

Posted by stonehands-78 from the beginning ... a WingsFan, on 02/05/19 at 03:00 PM ET

Down River Dan's avatar

I ôGot no axe to grind against the leafs on this deal, but I remember the wings getting grief for “circumventing” the CBA when they gave Zetterberg a 11 or 12 year deal.

So, Matthews salary is $700K per year, but he gets like a $9 mil. Signing bonus every year of the deal..???

I have no interest in getting into the minutiae of the salary cap…but how is this any different from what the Wings did with Zetterberg??  confused

Posted by Down River Dan on 02/05/19 at 03:41 PM ET

Primis's avatar

I have no interest in getting into the minutiae of the salary cap…but how is this any different from what the Wings did with Zetterberg??  confused

Posted by Down River Dan on 02/05/19 at 02:41 PM ET

One difference is that Matthews is undoubtedly going to finish playing out this contract.  They didn’t tack 3 inexpensive years on to the end of the contract where you’re not sure he’s even going to play by then, just to artificially bring down the AAV.  He’s going to still be playing when he’s 26 or 27 or whatever.

The other difference of course being Matthews’ hit is far, far larger even still.

When the Leafs can get Marleau’s contract off the books in two years, things should be better.  But yeah, it’s going to be ugly making next season work in the meantime.  The Zach Hymans and Jake Gardiners are probably going to be casualties and replaced by guys on ELC’s.

Salary cap, everyone!

Posted by Primis on 02/05/19 at 04:03 PM ET

Avatar

I have no interest in getting into the minutiae of the salary cap…but how is this any different from what the Wings did with Zetterberg??

Matthews’ last two years his “salary” maybe be only $750K, but he’s actually making $7.95M each year, compared to the final two years of Zetterberg’s contract which were tacked on specifically to lower the cap hit because they all assumed he wouldn’t be playing those final years.

But also, you’re comparing it to Zetterberg’s contract in a way that implies Zetterberg’s contract wasn’t legal, but it was.

So, Matthews salary is $700K per year, but he gets like a $9 mil. Signing bonus every year of the deal..???

Yes. What’s the issue? Does it really matter that he gets one HUGE paycheck in the summer and a bunch of smaller ones throughout the season rather than a just bunch of larger ones throughout the season?

Posted by CharDeeMacDennis on 02/05/19 at 04:35 PM ET

Avatar

Posted by Down River Dan on 02/05/19 at 02:41 PM ET

Not sure if you are aware (it’s unclear based on what you wrote), but for salary cap purposes it doesn’t matter whether the money comes in the form of a signing bonus or salary.

A guy with 0 signing bonus and a $9 million salary counts 9 million against the cap. A guy with an $8 million signing bonus and $1 million salary also counts $9 million against the cap.

The only difference is whether you get a lump sum up front at the beginning of the year, or a regular even paycheck throughout the year. (Well, and also how buyouts are calculated, but that’s beside the immediate point here.)

Posted by Sven22 from Grand Rapids on 02/05/19 at 06:21 PM ET

Avatar

It looks like Leaf’s window for SC is this year only. I wonder if young players worry about being drafted in to a cap-crunched team like this one.

Posted by tutoka from Leelanau Peninsula on 02/05/19 at 06:34 PM ET

bigfrog's avatar

It looks like Leaf’s window for SC is this year only.

With the Salary Cap situation you are probably right.  LOL

Posted by bigfrog on 02/05/19 at 09:54 PM ET

Nate A's avatar

I may be mistaken, but I believe signing bonuses are also immune to lockout pay stoppages.

Posted by Nate A from Detroit-ish on 02/05/19 at 11:18 PM ET

ilovehomers's avatar

Posted by Nate A from Detroit-ish on 02/05/19 at 10:18 PM ET

You are correct.

Posted by ilovehomers on 02/05/19 at 11:39 PM ET

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