The Toronto Maple Leafs have agreed to terms with defenseman John-Michael Liles on a four-year, $15.5 million extension, according to the Associated Press.

The 31-year-old Liles is in the final year of his current deal, making $4.2 million. He was expected to earn a modest raise in his next contract, but instead the nine-year veteran accepted a discount to remain in Toronto.

“You could say that you leave some on the table,” Liles told the AP. “Maybe I did, maybe I didn’t … but I’m looking at it as I was negotiating a contract to stay in a place I wanted to be and play on a team I wanted to play on and live in a city I wanted to live in.”

Liles has four goals and 21 points in 34 games this season. He’s been sidelined since Dec. 22 with a concussion but is expected to make his return after the All-Star break.

Liles spent his first eight seasons in the Colorado Avalanche organization. The Avs traded him to Toronto on June 24 for a 2012 second-round draft pick.

The Toronto Maple Leafs have signed defenseman John-Michael Liles to a four-year extension according to the Maple Leafs’ official site.

“Not gonna lie…it’s been a pretty good day,” Liles tweeted once reports of the deal surfaced.

The deal will be worth $15.5 million over four years, according to the Toronto Star.  Through 34 games played this season, Liles has four goals, 17 assists for 21 points.

In 2011, the Leafs acquired Liles from the Colorado Avalanche in exchange for a second-round pick in the 2012 NHL Entry Draft.  In 557 career NHL games with Toronto and Colorado, Liles has totaled 296 points (72 goals, 224 assists).