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4w ago

Flyers Sign Leo Carlsson to Five-Year, $90 Million Offer Sheet

The front-loaded deal forces Anaheim to decide within seven days whether to carry an $18 million average annual value or accept four first-round picks in compensation.

Mar 30, 2026; Anaheim, California, USA; Anaheim Ducks center Leo Carlsson (91) reacts before the first overtime period against the Toronto Maple Leafs at Honda Center. Mandatory Credit: Griffin Hooper-Imagn Images/File Photo
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Overview

  • The Flyers signed restricted free agent Leo Carlsson to a five-year, $90 million offer sheet on Friday, July 3, giving the Ducks seven days to match the exact terms.
  • Because the contract’s $18 million AAV exceeds the top compensation tier, Anaheim would receive Philadelphia’s first-round picks in each of the next four drafts if it declines to match.
  • Multiple outlets report the deal is heavily front-loaded with large signing bonuses so Carlsson gets most money up front and several teams submitted competing offers before he signed.
  • Matching the sheet would force Anaheim into immediate cap choices that could affect its ability to re-sign other young players and could prompt trades or roster moves to create room.
  • League observers say the move could change negotiating leverage for elite restricted free agents and increase the use of offer sheets as teams race to lock up rising stars.