While most of us were enjoying our Friday evening, the Toronto Maple Leafs announced that they had finally re-signed Mitch Marner. The new deal carries a salary-cap hit of $10.893 Million for the next six years. He now has the seventh-highest average annual value (AAV) in the National Hockey League (NHL) and the third-highest AAV on his own team. Marner’s new deal is very front-loaded and most of the money is in signing bonuses.
The New Deal
Year 1: $700,000 base salary + $15.3 million signing bonus
Year 2: $700,000 base salary + $14.3 million signing bonus
Year 3: $750,000 base salary + $9.608 million signing bonus
Year 4: $750,000 base salary + $7.25 million in signing bonus
Year 5: $750,000 base salary + $7.25 million in signing bonus
Year 6: $750,000 base salary + $7.25 million in signing bonus
Marner’s new contract makes up 13.4% of the Toronto Maple Leafs’ salary cap for the 2019-20 season. Years five and six of the new contract take away two years of unrestricted free agency and both those years carry a No Movement Clause (NMC) which means he would have to approve any trade the Maple Leafs tried to make involving him.
Former team general manager (GM) Lou Lamoriello did not include any signing bonuses in Marner’s entry-level contract (ELC) and it’s believed that his agent Darren Ferris wanted to make sure that his client was awarded those bonuses this time around. Maple Leafs’ current GM Kyle Dubas made good on that request with almost $61 million in the new contract being paid in signing bonuses.
The good news for both Marner and the Maple Leafs is that they were able to get this new deal done in time for him to still take part in training camp this week and the start of pre-season next week.
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