Kessel, Leafs agree to 8 year extension

TSN's Bob McKenzie is reporting that Phil Kessel and the Leafs are close to a seven or eight year contract extension in the realm of $55m-$65m.

Getting a sense Phil Kessel's contract extension in TOR could get done as early as Tues. Leafs and Kessel's agents working towards that.

— Bob McKenzie (@TSNBobMcKenzie) October 1, 2013

But no one has confirmed it's done yet. So we'll see. If it's done, I would expect it'll be $8M per year, give or take $500K, for 7 or 8 yrs

— Bob McKenzie (@TSNBobMcKenzie) October 1, 2013

You know what to do.

UPDATE:

Kessel and Leafs officially agree to eight year deal.

— Jonas Siegel (@jonasTSN1050) October 1, 2013