Various sources report the Toronto Maple Leafs have re-signed center Mikhail Grabovski to a five-year, $27.5 million contract, with an average annual cap hit of $5.5 million.
SPECTOR’S NOTE: Grabovski’s agent last week hinted he’d have some news for us. Can’t say this is a surprising development, as both sides were keen to get a deal done. As expected, the term was no more than five years, and the dollars come in at the high end of the $4.5-$5.5 million anticipated price range. It’s a trifle high, but then again, if there’s a salary rollback in the next CBA, that could come down into a more affordable area. Still, a worthwhile move by the Leafs to retain arguably their best all-round forward. No word if there’s any movement clause, though given Burke’s aversion to those, I’d be surprised if there’s one in this deal.