Salary Cap? Nonsense! Maple Leafs sign Morgan Rielly to 8-year, $60M extension

The Toronto Maple Leafs announced on Friday an eight-year, $60 million extension for defenseman Morgan Rielly.

A look at the Maple Leafs salary cap situation for the 2022-23 season indicated that they will have around 58% of their salary cap dedicated to five players.

John Tavares, Auston Matthews, Mitch Marner, William Nylander and now Rielly will account for $48 million in cap space next season. The Leafs will need to start considering making trades in preparation for next season.

Both Rasmus Sandin and Timothy Liljegren are two key RFA’s on defense this summer. Expect either Jake Muzzin or TJ Brodie to be moved.

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Morgan Rielly extends

“Eight. Mo. Years,” the team posted on Twitter.

Rielly, 27, was in the final year of a six-year, $30 million contract. The extension carries an average annual value of $7.5 million and keeps him in Toronto through the 2029-30 season.

Rielly has four assists in eight games this season, his ninth season since the Maple Leafs drafted him fifth overall in 2012.

He has 309 points (59 goals, 250 assists) and 141 penalty minutes in 580 career games. Among defensemen, Rielly ranks fifth in franchise history in assists, sixth in points and 10th in goals.

–Field Level Media contributed to this report