The Toronto Maple Leafs have moved quickly to sign new goaltending acquisition Frederik Andersen to a five-year contract extension worth $25 million.
The extension buys four years of unrestricted free agency eligibility.
Andersen's AAV is $5M on the button. $25M total value for five years.
— Bob McKenzie (@TSNBobMcKenzie) June 20, 2016
Told Leafs have agreed to a five year extension with Andersen as well. He would have been RFA July 1
— Pierre LeBrun (@Real_ESPNLeBrun) June 20, 2016
The #Leafs now have 11 2016 picks:
1, 31, 62, 92, 122, 152, 182 - TOR
57 - WSH
72 - NJD
101 - COL
179 - STLhttps://t.co/BPt2vFnhEu— CapFriendly (@CapFriendly) June 20, 2016
For those saying TOR price on Andersen was extremely high, no one would have batted an eye if Leafs used 30th pick to take 18 yr old G...
— Bob McKenzie (@TSNBobMcKenzie) June 20, 2016
Expected value of the picks + time value in terms of delay in asset arriving in the NHL is relevant to all of this.
— Stephen Burtch (@SteveBurtch) June 20, 2016
Andersen plays for the team next year. When you factor in how far away a 30th pick/2nd rounder are from the NHL - that matters.
— Stephen Burtch (@SteveBurtch) June 20, 2016