According to multiple sources, the Leafs, who would like to have Bozak back next season, are not interested in signing him to such a price tag.
Bozak, who picked up 12 goals and 16 assists for 28 points in 46 games with the Leafs this season, has expressed his desire to re-sign with Toronto. He's been slotted in as the club's No. 1 center, playing with Phil Kessel and either Joffrey Lupul or James van Riemsdyk.
However, most NHL teams do not view Bozak as a top line center, one club executive recently told TFP, and anything north of $3 million per year might be a stretch.
"If there is a contract that makes sense for us and makes sense for Tyler, we'll sign him," Leafs GM Dave Nonis told the local media last week. "But it's not a situation where we have to sign Tyler Bozak because there are numbers that make sense for the team and there are numbers that make sense for Bozie."
With a limited number of top-tier free agents available this summer, Bozak could find a better deal elsewhere. He joins Mike Ribeiro, Derek Roy and Stephen Weiss are the top centermen poised to become free agents this summer.