BREAKING: Maple Leafs officially extend William Nylander

Nylander's extension returns him to the Leafs for the next eight seasons with a cap hit of $11.5M each season, a significant raise from his last contract of less than $7M. He also has a full no move clause all the way through the contract. With this announcement from Friedman, the Leafs themselves seem poised to make a statement in the next few minutes.

In 37 games this year, Nylander has 21 goals and 54 points and is on pace for another career year, after scoring 40 goals for the first time last year. His large improvement in his play has led to the Leafs paying him a large contract. The only question for the Leafs becomes can they build a complete team with such top heavy contracts?

UPDATE: The Leafs have made a statement.