Is Leafs captain Phaneuf worth $7 million?

Maple Leafs captain Dion Phaneuf is in the final year of his contract. He can become an...

Maple Leafs captain Dion Phaneuf is in the final year of his contract. He can become an unrestricted free agent in the summer. (Martin Chevalier/QMI Agency)

MIKE ZEISBERGER, QMI Agency

, Last Updated: 10:35 PM ET

EDMONTON - Can the Maple Leafs afford to pay Dion Phaneuf $7 million US per season?

Can they afford not to?

According to a source familiar with negotiations between both parties, the two sides have started to “kick tires” on a potential extension for the pending unrestricted free agent.

“Don’t read too much into it ... yet,” the source said.

Phaneuf, 29, has a cap hit of $6.5 million this season. According to Sportsnet’s Nick Kypreos, he reported hearing the bar has been set at seven years for a total of $50 million.


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