Auston Matthews, Maple Leafs Agree to Monster Five-Year Contract Extension

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The deal has a cap hit of $11.634 million per year, (totaling $58.17 million), and it will make Matthews the second highest-paid forward in hockey over teammate John Tavares and behind the Oilers' Connor McDavid. Soon after, Matthews was inked to his own entry-level deal, including both Schedule A and Schedule B bonuses.

The contract situations of Auston Matthews and Mitch Marner have been an underlying storyline throughout this season. 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 National Hockey League rookies in both categories.

The Toronto Maple Leafs have signed star centre Auston Matthews to a five-year contract extension worth $11.634 million annually, the team announced on Tuesday.

The 21-year-old has 20 goals and leads the Leafs with 63 points in 52 games this season.

Matthews has only played 38 of Toronto's 52 games due to injury, however. A first-round pick in 2016, Matthews will be 27 when this extension expires.

Matthews's three-year rookie deal called for him to make the maximum $925,000 a year. Marner, selected fourth overall in the 2015 NHL Draft, has 61 goals and 132 assists in 211 career regular season games with the Leafs.

At this year's NHL All-Star Game, Matthews said he wasn't concerned about the deal getting done. Forwards Kasperi Kapanen and Andreas Johnsson are eligible to become restricted free agents while defenceman Jake Gardiner is headed towards unrestricted free agency.

Internationally, Matthews has represented the United States at the 2016 IIHF World Championship and registered nine points (6 goals, 3 assists) in 10 games to earn a Top 3 Player on Team recognition.

Matthews opted for a shorter term and lower average annual value (AAV), the number that is used against the cap, which leaves more room to sign Marner, who is thought to be more inclined to seek the eight-year contract allowed under the collective agreement.

Tavares signed a $77-million, seven-year deal with Toronto as a free agent last July.