The Maple Leafs and forward Phil Kessel are finalizing a contract extension worth approximately $8 million a year for eight years, according to reports.
TSN's Darren Dreger and Bob McKenzie tweeted the details on Tuesday morning. Whether the Leafs would re-sign or trade their 30-goal scorer has been the topic of speculation during the off-season, though that speculation now seems to be headed towards a conclusion.
Kessell tied for seventh in the NHL with 52 points in last season's abbreviated schedule.
Dreger reports that the Leafs will next attempt to secure a new deal with captain defenseman Dion Phaneuf. The Leafs also face decisions on restricted free agents Cody Franson and James Reimer.