The Toronto Maple Leafs have signed defenseman Oliver Ekman-Larsson to a four-year, $14MM contract per TSN’s Darren Dreger (Twitter link). Dreger adds that the deal will carry a $3.5MM cap hit and a 16-team modified-no-trade clause.
Ekman-Larsson makes out nicely after seeing his previous eight-year, $66MM contract bought out by the Vancouver Canucks only a year ago. Approaching unrestricted free agency for the first time, Ekman-Larsson inked a one-year, $2.25MM contract with the Florida Panthers for the 2023-24 regular season. The Swedish blue-liner put up nine goals and 32 points in 80 games for the Panthers with most of his production coming in the first part of the season with the team dealing with injuries to Brandon Montour and Aaron Ekblad.
In a more limited role compared to his time with the Canucks and Arizona Coyotes, Ekman-Larsson excelled. He appeared comfortable on an elite Florida defense and saw nearly all of his possession and defensive metrics improve as he finished the season with the lowest xGA average of his career according to HockeyReference.
The Maple Leafs will be looking to take advantage of a career turnaround of Ekman-Larsson on a modest $3.5MM cap hit over the next four seasons. Ekman-Larsson should slot behind Morgan Rielly in the top four of the team’s defensive pairings and will likely slot next to Timothy Liljegren as a Swedish counterpart.