Sportsnet’s Chris Johnston reports Cody Franson has ended his standoff with the Maple Leafs, agreeing to a one-year, $2 million contract.
SPECTOR’S NOTE: It’s a disappointing result for Franson, who hoped for a more lucrative deal this year. Unfortunately for him, the decline in the salary cap and the club’s signings of David Clarkson and Tyler Bozak worked against him.
Franson will still be a restricted free agent next summer, but he’ll have arbitration rights, and after foregoing the process this summer, you can bet he won’t hesitate to exercise that right next summer to avoid another lengthy standoff.
The deal pushes the Leafs nearly $1.1 million over the salary cap, so they’ll have to shed some salary to become cap compliant via trade, waivers or demotions. Franson’s signing also makes it less likely for prospect Morgan Rielly to crack the lineup this season.