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Ilya Mikheyev re-signs with the Toronto Maple Leafs: two years, $1.65 million AAV

Ilya Mikheyev agrees to a 2 year contract extension with the Toronto Maple Leafs! #WeAreGoldStar! pic.twitter.com/raiYP6W5pI

— Dan Milstein-Hockey (@HockeyAgent1) October 20, 2020

The submitted asks by the two parties had the arbitration hearing happened: two years, $1 million from the Leafs; one year, $2.7 million AAV from Mikheyev’s camp.

Avoiding an arbitration hearing is the most common outcome — over 90% of arbitration filings settle beforehand — and certainly the preferable one in this case. Had it gone to arbitration, the Leafs might have gotten Mikheyev locked up for two years at a little cheaper number than the $1.