The 38-year-old defenseman could have been an unrestricted free agent July 13. He had 35 points (eight goals, 27 assists) in 75 games for the Seattle Kraken and Maple Leafs, and two assists in Toronto's seven-game loss to the Tampa Bay Lightning in the Eastern Conference First Round.
"Everyone knows I'm from Toronto, I love it here, I've loved my time here," Giordano said May 17. "I'll talk to my agent in the next week and go from there. I don't think it's a secret I've enjoyed my time here.
"I feel pretty good about my game and feel like I'm a guy who can also help young guys along the way. I felt good, keep training hard and hopefully keep going for a few more years."
Giordano and forward Colin Blackwell were acquired in a trade with the Kraken on March 20 for a second-round pick in the 2022 NHL Draft, a second-round pick in the 2023 NHL Draft and a third-round pick in the 2024 NHL Draft. He was selected by the Kraken in the 2021 NHL Expansion Draft after playing 15 seasons with the Flames, including the final eight as captain. He was named Seattle's first captain Oct. 11.
The 16-season NHL veteran has 544 points (151 goals, 393 assists) in 1,024 regular-season games for the Flames, Kraken and Maple Leafs, and nine points (one goal, eight assists) in 30 Stanley Cup Playoff games. He won the 2018-19 Norris Trophy voted as the top defenseman in the NHL.
"We are thrilled that Mark has elected to re-sign with the Maple Leafs," general manager Kyle Dubas said. "Mark came in at the [trade] deadline and provided a veteran, stabilizing presence to our back end while vastly improving our defensive play. Everything he does is done to help the team win and that includes a tremendous sacrifice in this contract negotiation."
NHL.com independent correspondent Dave McCarthy contributed to this report