The deal is for five years with an average annual salary of $11.63 million. Per Sean Leahy of Pro Hockey Talk, the contract is worth $58.17 million in total.
Three years after being selected No. 1 overall in the 2016 NHL draft, Matthews has lived up to his potential. He ranks second on the Maple Leafs with 23 goals and fourth with 46 points in 38 games this season.