The Toronto Maple Leafs have a challenging season ahead, but it’s never too early to examine their salary cap situation. With key players, including two members of their “Core Four,” becoming unrestricted free agents in July 2025, the Leafs are already strategizing how to retain veteran forward John Tavares for the remainder of his career. To do so, Tavares would need to take a pay cut from his current deal to make room for upcoming free agents like Mitch Marner and Jake McCabe. According to Pierre LeBrun of The Athletic, early contract discussions have begun between the Leafs and Tavares’ representatives, led by veteran agent Pat Brisson.

Tavares is in the final stages of his seven-year, $77 million contract, which carries an $11 million average annual value (AAV). LeBrun noted the challenge lies in agreeing on a reasonable pay cut. Both sides are interested in continuing the relationship, with Tavares wanting to remain in Toronto, where he’s raising his family.

At 34, Tavares has spent six seasons with the Leafs, averaging 78 points per 82 games. However, his postseason performance has been inconsistent, with 12 goals and 12 assists in 38 playoff games. Despite limited playoff success during his tenure, both parties are keen to work out a deal. LeBrun also noted that while there’s no rush from the team’s perspective, pending free agent Mitch Marner remains a priority.

Next summer, the Leafs are projected to have around $30 million in cap space, but only 14 players are currently under contract for the 2025-26 season.