John Tavares signed a four-year $17.52 million contract with the Toronto Maple Leafs on Friday. It has an average annual value of $4.38 million.

According to NHL insider Pierre LeBrun, at least one team offered Tavares a two-year, $16 million deal with an annual cap hit of $8 million. Instead, the 34-year-old signed at a cap hit of $4.38 million, well below market value considering his 74-point season through 75 regular-season games last year.

One of hockey’s most well-respected, well-rounded veterans gave his hometown team a hometown discount, a couple of younger players signed the longest contracts still available to them and trade dominos began falling Friday around the NHL.