Report: Dion Phaneuf 'very close' to signing extension with Maple Leafs

Dion Phaneuf is reportedly close to signing a long-term extension with the Maple Leafs. (USATSI)
Dion Phaneuf is reportedly close to signing a long-term extension with the Maple Leafs. (USATSI)

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It is looking more like Dion Phaneuf is going to be with Toronto Maple Leafs for a very long time as Darren Dreger of TSN reported the defenseman is close to signing a long-term extension. According to Dreger, some details need finalizing, but the deal is expected to be for seven years with an annual average of $7 million.

Phaneuf, who joined the Leafs via trade with the Calgary Flames in the 2009-10 season, is Toronto’s captain and top defenseman. He has delivered at both ends of the ice, providing some solid production from the blue line and playing an aggressive, physical game defensively. At 28, he should still have plenty of good years left as well.

A seven-year, roughly $49 million deal would put Phaneuf between Drew Doughty and Erik Karlsson as comparable total salaries. With the cap due to go up next year and continue going up, the Leafs will have more than enough money to spend. While the reported money attached to this deal seems a bit bloated, it’s highly likely Phaneuf would be able to pull that type of deal down in free agency.

There’s some risk as Phaneuf’s defensive numbers have dropped in the Randy Carlyle era in Toronto, but the captain is still very clearly a big part of the Maple Leafs’ present and future.

Phaneuf has 354 points in 638 NHL games.

CBS Sports Writer

Chris Peters has been a hockey writer for CBS Sports since 2012. Prior to that, he wrote for numerous outlets and edited the United States of Hockey blog, covering the sport at all levels. Peters also... Full Bio

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