Matthews has among the
worst contracts in the NHL at present because his rate should have been based on
8 years term not 5,
The first 4 years of Matthews 5 year deal were RFA (restricted free agent) cost controllable years with the Leafs only buying 1 single year of free agency from Auston.
RFA years are set based on NHL player comparables (with limited player options) and Matthews himself offered Leafs RFA years @ $9 mil AAV per (which was unheard of on any previous deal) Name another RFA player signed to a 3 year bridge @ $9 mil in NHL history?
According to Friedman, the Leafs wanted to sign Matthews to a three-year bridge deal that would’ve taken him one year away from unrestricted free agency. However, Matthews’ camp was seeking a
$9M annual hit, which the Leafs weren’t interested in doing.
View attachment 721354
Auston offered 3 years @ $9 mil RFA bridge deal, and Dubas turned it down to get 5 years instead. (Deal couldn't be 4 years as that would have walked AM right to free agency this year).
So instead of a rate of $9 mil for the first X 4 RFA years, Dubas thought it be better to give him $11.634 mil AAV X 4 RFA instead average as that is the current average Leafs Cap hit to purchase 1 single year of free agency, That $11.6 mil should have been the average of
8 years term with 4 RFA years @ $9 mil and 4 X UFA years @ ~$14 mil =
$93 mil total for 8 years [$11.6 mil AAV].
A 3 year bridge deal at $9 mil
OR a 8 year deal at $11.6 mil would have been full value. A 5 year deal is awful value for the Leafs as Matthews should still have 4 years remaining on his current deal at $11.6 rate.
Matthews signed a 5 year deal at $58 mil total with the 4 X RFA years valued at $9 mil (as per Matthews) .. Solve for year 5 (1 X UFA rate)?