Kulemin will make $2.6 million next season and $3 million in 2013-14. He made $2.2 million last season.
Kulemin had just seven goals and 21 assists before missing the last 12 games of a disappointing season with a broken finger. The Maple Leafs are hoping that season was an aberration and Kulemin can replicate the form he showed when he scored 30 goals and added 27 assists in 2010-11.
The native of Russia has 68 goals and 84 assists in 303 games with Toronto.