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The leafs could offer upwards of 15 mil...but they won't. This will boil down to where stammer wants to play, as both teams will pay him handedly. Toronto has the coach, and now the goalie...the have a great cast of young talent on the wings and first pick overall.
Toronto is his home town, he grew up a leafs fan and should he win Toronto its first cup he would be immortalized...
Hell even if he gets to just the semi finals he becomes a super star. Just ask Gilmore and sundin.
He would pay higher taxes in Canada but his merchandizing rights would be off the hook due to his exposure, and the rabid hockey culture in Toronto.
He's coming home.
While i appreciate the "plan the parade" enthusiasm for the Leafs..they really technically only have 7 million in Cap space - if you want to get optimistic: they can spend another 7.3 in the off season; However, by the first game of the regular season, would need to figure out a way to cut that 7.3 million
So -if they sign him for 11 million - they would need to cut the fat off, so lose about 4 million by the first game. Which should be easy to do by buying out lupe - theres about 3.7 million saved for next year. But, they would have no money to sign the remaining players needed, including Matthews who will be a million in base salary with the potential of up to 2-3 million if you include bonuses (which you have to include against the cap but can be deferred). That does not leave very much wiggle room for the remaining players.
They would have risk taking big hits on guys like Bernier would have to be trade (which could be harder than expected considering the expansion) or buy him out - which would only bring back 1.4 million. Could buy out a few more players but wouldnt net much return on the guys you let go. Trade Bozak and you'd get about 4.2 extra but still have to fill that spot so maximum is 3.7 from getting rid of him.
Moral of the story is that Buffalo can throw him the full 14.6 max contract and break far less of a brain sweat doing it. Buffalo can also offer him a better team at this point.
That being said, I think Toronto has a real shot - but Buffalo has way more power to offer the deal he may not be able to refuse financial wise.