With the signing of John Tavares to a four-year, team-friendly extension worth $4,388,420 per season, the Toronto Maple Leafs have one more foundational piece in place for their 2025–26 roster. According to PuckPedia, this move brings the Maple Leafs’ roster to 22 players—11 forwards, eight defensemen, and two goalies—with a total cap hit of $75,579,689. That leaves roughly $19.9 million in cap space.
The extension marks a significant moment for both the player and the franchise. Tavares, who originally signed a $77 million contract in 2018, takes a substantial pay cut to remain a part of the Maple Leafs’ future. This isn’t just a numbers move; it’s a culture move. Tavares is sending a message: he wants to win in Toronto and is willing to sacrifice to make that happen.
At under $4.4 million per year, the ex-captain’s cap hit reflects his current role as a middle-six forward rather than a franchise centerpiece, giving general manager Brad Treliving more flexibility to reshape the roster around Auston Matthews and William Nylander.
If the season started today, the roster could look something like this:
[Vacant Spot] – Auston Matthews – Easton Cowan
[Vacant Spot] – John Tavares – William Nylander
Bobby McMann – Max Domi – Calle Järnkrok
David Kämpf – Scott Laughton – Ryan Reaves
Jake McCabe – Chris Tanev
Morgan Rielly – Brandon Carlo
Simon Benoit – Oliver Ekman-Larsson
Philippe Myers – Matt Benning
Anthony Stolarz
Joseph Woll
The Maple Leafs still have three key restricted free agents to re-sign: Matthew Knies, Nicholas Robertson, and Pontus Holmberg. All three are expected to be part of the NHL roster next season, pushing the team to full strength up front. Holmberg, in particular, offers tremendous two-way value at a low cost. Knies brings top-six upside and physicality, while Robertson is still looking for consistency and health.
Though highly regarded, Easton Cowan has yet to play an NHL game. Starting him on the top line would be a bold move, and his actual role will likely depend on how he performs during training camp.
The other big piece in play is Mitch Marner. While nothing is official, all signs indicate he moves on before the season begins. Whether it’s to gain cap flexibility, rebalance the roster, or move on from another playoff letdown, the writing appears to be on the wall.
What do the Maple Leafs bring in to replace him? A top-four defenseman? A scoring winger? Draft capital? That choice will go a long way in shaping how the rest of the offseason unfolds. But make no mistake: the Tavares deal, followed by the potential loss of Marner, signals a clear transition into a new era for this team.
Treliving is focused on making this roster deeper, more defensively responsible, and more challenging to play against. The additions of Chris Tanev, Brandon Carlo, and Oliver Ekman-Larsson speak to a commitment to reshaping the blue line. Moving forward, expect continued focus on players who can fill specific roles: penalty killers, puck retrievers, and players who bring playoff-style grit.
The Tavares extension shows that even the core players are buying in. No longer is this team leaning entirely on the Big Four to carry the load. Instead, there’s a shift toward balanced, role-based hockey—something head coach Craig Berube has long championed.
If the puck dropped tomorrow, the lineup listed above is what we’d likely see. However, with $19.9 million in cap space and several key decisions still pending, this is just the first draft of what could be a very different-looking team by October.
With Tavares locked in at a team-friendly rate, the Maple Leafs have a rare chance to reshape the roster without gutting the foundation. The next few weeks will determine whether they can finally build a team good enough to make and win in the playoffs.
[Note: I want to thank long-time Maple Leafs fan Stan Smith for collaborating with me on this post. Stan’s Facebook profile can be found here.]
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