It’s July 1st, which usually means NHL Free Agency and lots of chaos around the NHL. John Tavares signed on this day, Phil Kessel was traded on this day, you know how it goes. But a big part of today, especially for the Leafs is the fact that signing bonuses will be sent out to all the players who have them as part of their contracts.
Here is the list of all the players with signing bonuses today:
- Auston Matthews: $9,720,000
- Mitch Marner: $9,608,000
- John Tavares: $8,440,000
- Jake Muzzin: $5,500,000
- William Nylander: $3,500,000
- Morgan Rielly: $2,000,000
- Alex Kerfoot: $1,950,000/
In total, that’s $40,718,000 in NHL salary handed out to those seven players. No, I’m not going to look into the tax, you can’t make me.
The cost of this is to MLSE, but I’m sure they can handle it. The benefit of signing big front-loaded contracts with big signing bonuses is that in the second halves of the deals, these players will be making significantly less than their cap hit suggests. To a lot of teams, including the Ottawa Senators — whom the Leafs have done deals like this before — it’s a plus.
For example, Mitch Marner will only cost the team he plays for $24.8 million over the next four seasons, that’s an average salary of $6.2 million. This also means the Leafs have paid Marner $40.608 million for his first two seasons of action with the team, but I digress. That salary should be intriguing to a lot of teams.
One unique advantage this weird season brings is the fact that the Stanley Cup Finals is still going on, so while signing bonuses have been paid, the Expansion Draft and NHL Draft haven’t happened yet. This means the Leafs can get in on the always fun draft day trades, whether that’s Alex Kerfoot’s $1.725 million yearly salary for the next two years, or even a big splash that includes Marner.
This is a unique year, and the Leafs would be loathe not to take advantage of their financial might.
Various Leafs and Branches
Screaming into silence | by: Cindy Blackstock, Macleans
After Bodies Are Found, Some Say Canada Day Is Nothing to Celebrate | by: New York Times
We stand in solidarity with the Indigenous peoples of the land most of us now live on, to call out the crimes, pain, and neglect these people still face hundreds of years into colonization. Thousands of murdered children in catholic residential schools is a stain so deep in the history of this country it can never be washed clean.
Game 2 Recap: Tampa Bay Lightning win again thanks to Coleman and Vasilevskiy | by: Hardev Lad, Raw Charge
0.3 seconds left in the period— Omar (@TicTacTOmar) July 1, 2021
Goodrow to Coleman. Unreal. pic.twitter.com/CFKp1jIQMG
The Habs were denied allowing 10,500 fans into their building and are staying at 3,500 | by: Sportsnet
Andre Tourigny is expected to be named head coach of the Arizona Coyotes today.
The Coyotes have called a news conference for 11 AM Thursday. Sources tell me they will name André Tourigny as their next head coach. I first noted Tourigny's candidacy on May 10. There have been lots of talks between the team & the Ottawa 67's/Hockey Canada coach since then. https://t.co/dePCi5p9Vl— Craig Morgan (@CraigSMorgan) July 1, 2021
And Tyler Seguin is selling chew toys for dogs
Excited to share my company I began working on during my rehab that has become a true passion project for me! Introducing The Chew Club @chewclub, a one stop shop for all your pups chewing solution! Check out our website at https://t.co/nGhctEbYWp pic.twitter.com/8UZYmtSGpA— Tyler Seguin (@tseguinofficial) June 29, 2021