The Toronto Maple Leafs have agreed to a one-year deal with captain Mats Sundin for $5.5 million. It includes a no-trade clause.
An offical announcement is expected later today.
TSN reported on Monday that the Leafs would have been happy to sign a longer deal, but Sundin pushed for a shorter one.
Sundin's salary cap figure last season was $6.3 million, so Toronto receives a significant savings with this deal. It also gives the Leafs more flexibility beyond 2008 in case Sundin retires after the coming season.
I see this like Forsberg last year. If things don't go well he'll be shopped and it will be up to him if he wants to leave. But $5.5 for a player of the calibre of Sundin for 1 year is perfect, especially with a lot of guys being UFA's next year (namely Thornton, and Heatley)