By Tim Polzer
October 01, 2013

Maple Leafs forward Phil Kessel is suspended for three preseason games for slashing. (Getty Images) The Maple Leafs and Phil Kessel reportedly are close to an 8-year, $64 million deal. (Getty Images)

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.

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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.

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