SIGNING ALERT | Auston Matthews signs one of the most significant contract in NHL history

The 25-year-old just inked the contract carrying the highest cap hit in NHL history and will remain with the Maple Leafs for the next four years.

Moment before the announcement was made, Matthews issued the following tweet:

The elite goalscorer is coming off two hot seasons in which he scored a total of 100 regulars seasons goals in only 147 games. The 2016 first overall pick has been a steady offensive producer for the team, he was previously carrying a cap hit over $11.65M.

This now sets the table for Elias Pettersson's deal, the Swede announced today that he was in no rush to get a deal done. Reports suggested that he'd be waiting for Matthews to extend his stay in Toronto before moving. After this deal, it's fair to expect that Pettersson will likely not be settling for a $10M AAV if he signs long term.