Three weeks after the Toronto Maple Leafs pulled off a sign-and-trade for Darren Raddysh, the contract looked like a hefty bet. Now, after the first wave of NHL free agency, it looks a lot more manageable.
Toronto landed the 30-year-old defenceman from the Tampa Bay Lightning on an eight-year, $68 million deal, a move that brought in a veteran coming off a career year. At the time, the $8.5 million annual average value drew plenty of second-guessing.
Some saw a premium price tag for a player entering his 30s. Others viewed him as more of a power-play weapon than a full-package blue liner.
Either way, the reaction was the same: good player, big number.
Then the market moved.
The deal that really shifted the conversation came when the Chicago Blackhawks acquired Bowen Byram and then signed him to a six-year, $75 million contract. That pushes Byram’s AAV to $12.5 million through the 2032-2033 season.
He’s five years younger than Raddysh, but his offensive ceiling has not matched Toronto’s new blueliner. Raddysh posted 22 goals and 70 points in 73 games for the Lightning in 2025-26, while Byram’s career-best is 42 points in 82 games, a mark he reached last season.
None of that is meant as a knock on Byram. But the size of Chicago’s commitment caught plenty of attention, and it has taken some of the sting out of Toronto’s number.
The broader defense market has only reinforced that point. Rasmus Andersson re-signed with the Vegas Golden Knights for seven years and $59.5 million, which lands him at the same $8.5 million AAV as Raddysh. John Carlson also came in at $8.5 million per season on a two-year deal with the Lightning.
Then there was Jacob Trouba, who signed a four-year contract with the San Jose Sharks at $8.25 million per year. Trouba brings a physical edge, but he finished last season with 35 points in 81 games for the Ducks, and his career high remains 50 points from 2018-19. Even with that profile, he’s still just below Raddysh’s yearly cap hit.
The younger names on the market didn’t reach the same price point, but they helped show where the trend is heading. After the Calgary Flames acquired Simon Nemec from the New Jersey Devils, they signed the 22-year-old to a five-year, $36.25 million deal, good for a $7.25 million AAV. Nemec is coming off his third NHL season and a career-high 11 goals and 26 points in 68 games.
The Anaheim Ducks also locked up one of their young defensemen, giving 22-year-old Pavel Mintyukov a five-year deal with a $7.2 million AAV. Mintyukov had eight goals and 22 points in 73 games last season, and his best offensive year came as a rookie in 2023-24, when he put up 28 points in 63 regular-season games.
So even if Raddysh settles in as little more than a power-play specialist, Toronto’s number suddenly looks a lot less out of line than it did a few weeks ago. With the cap climbing and defensemen cashing in across the league, the Maple Leafs may have gotten ahead of the market by locking him in when they did.