The Toronto Maple Leafs have agreed to a one-year deal with captain Mats Sundin for $5.5 million. It includes no-trade and no movement clauses.

TSN reported on Monday that the Leafs would have been happy to sign a longer deal, but Sundin pushed for a shorter one.

"We are extremely proud to have Mats continue as captain of the Toronto Maple Leafs," Leafs GM John Ferguson said. "Not only has he been one of the greatest players in our franchise history, but his exemplary leadership on and off the ice has been all that any organization could want from a team captain.

"We'll rely on Mats' playing ability on the ice and on all of the contributions he makes to the development of our young players. Having him in the fold will have a positive impact on our club for many years to come."

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Sundin's salary cap figure last season was $6.3 million, so Toronto receives a significant savings with this deal. It also gives the Leafs more flexibility beyond 2008 in case Sundin retires after the coming season.

Sundin will make more actual dollars than he would have if the Leafs had exercised their option on his old deal, and he now controls his own destiny when it comes to ending his career on his own terms.

"I think it's a good fit for everybody, just where I am at my age at this stage of my career," Sundin told reporters on a conference call. "I just think I'm at the stage of my career where it feels good (to sign for one year). It gives me more pressure to perform, too.

"I just like the frame of mind that I play one year and then I evaluate myself."

Sundin noted that he did not think he would ever leave the Leafs in the hope of winning a Stanley Cup elsewhere.

"I've never felt there was a bigger chance to win a Stanley Cup with a different organization," he said. "Especially with the last few years where we've seen a new organization winning every year. All the organizations are pretty evenly matched with the salary cap. .

"I do want to finish my career as a Toronto Maple Leaf. I don't have any urgency to go anywhere else."

Sundin also said he was not concerned about his health.

"I had some issues in the middle of last season with my hip, it was a little sore. I think it's because I got hit once. After that, I worked out with Matt Nichol and the medical staff," Sundin said. "For the last two months of the season I really didn't have any problems at all. It didn't bother me. There's nothing that bothers me now."

Sundin had 76 points in 75 games last season, including 27 goals.

In his career, Sundin has scored 523 goals and 720 assists for 1,243 points in 1,231 games.