After a few days of speculation, we’ve finally got the deal done. Auston Matthews has committed his next five years to the Toronto Maple Leafs.

The Toronto Maple Leafs announced today that the club has agreed to terms with forward Auston Matthews on a five-year contract extension. The average annual value of the contract is $11.634 million.

There are a few different ways you can take this extension. While it’s not the eight-year deal any of us were hoping for, you aren’t also wanting to play cat-and-mouse with your future superstar. It takes a little bit off the length of the deal, while also pulling him in at a lesser cap hit than his only real comparable in Connor McDavid, who’s making $12.5 million per year on an eight-year deal.

Finally, a salary breakdown.

We’ll have more in-depth analysis shortly.