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Will The Toronto Maple Leafs Make A Splash At The Trade Deadline?

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In an article today in The Athletic (Subscription Required), Jonas Siegel offered four arguments on why the time is nigh for the Toronto Maple Leafs to make a big splash at the trade deadline. The Maple Leafs have a pair of holes to fill in their lineup but the Eastern Conference seems more wide-open than in years past.

Siegel outlines Toronto’s lineup needs clearly. The team needs a legitimate option at the third-line center position and a right-handed shooting top-four defenseman. The Maple Leafs already have right-handed shot defensemen such as Chris Tanev, Jani Hakanpää (injured), Conor Timmins, and Philippe Myers. Still, Tanev is arguably the only one of the quartet that should command top-four minutes.

Siegel argues that Toronto should target a defenseman like Colton Parayko rather than short-term options like Luke Schenn or David Savard. An acquisition of Parayko would have plenty of challenges to overcome largely due to the full no-trade clause in his contract. Still, given that he’s averaging over 24 minutes a night with the St. Louis Blues, has already scored 12 goals in 55 games, and is known for his shot-blocking and physicality, Parayko is an ideal trade candidate for the Maple Leafs.

Ryan O’Reilly of the Nashville Predators was the only player mentioned as a potential candidate to take over third-line duties. He’s on a remarkably affordable $4.5MM salary through the 2026-27 season without trade protection and already has familiarity with the Maple Leafs organization. Whether it’s O’Reilly or another center, Toronto must improve upon Pontus Holmberg, who went scoreless in the Maple Leafs’ opening-round loss against the Boston Bruins in last year’s playoffs, as their third-line center.

As much as a big splash may satisfy Toronto’s needs, a lot rests on how much they’re willing to part with at the deadline. In the last five years alone the Maple Leafs have traded a first-round pick to offload the contract of Patrick Marleau, Trevor Moore in a package for Jack Campbell, Mason Marchment for Denis Malgin, a first-round pick for Stefan Noesen, a first-round pick to offload the contract of Petr Mrázek, a first-round pick for O’Reilly, and another first-round pick for Jake McCabe.

Some of those trades worked out better than others but Toronto has only managed to move beyond the first round of the Stanley Cup playoffs once over that stretch. All those moves were made during the last administration guided by Kyle Dubas, and current general manager Brad Treliving took a different approach last year. The highest-valued asset that Treliving moved at last year’s deadline was the New York Islanders’ 2024 third-round pick in a package for defenseman Joel Edmundson.

Siegel points out that the only way the Maple Leafs will manage to make any splashes is if they’re willing to move prospects such as Fraser Minten, Easton Cowan, or Ben Danford, and their 2026 first-round pick. Toronto has not indicated an eagerness to include any of the previously mentioned assets but it’s difficult to disagree with Siegel’s thinking.

4 Nations Notes: Tkachuk, Makar, Armia, Teräväinen

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One of the more unfortunate substories during Team USA’s victory over Team Canada on Saturday night was the lower-body injury forward Matthew Tkachuk suffered in the third period. He won’t play against Team Sweden tonight, as Dan Rosen of the NHL reported that Tkachuk didn’t practice with the team this morning.

Since they are the only team in the tournament with two regulation wins, there’s not much on the line for Team USA this evening. However, it seems the United States is confident Tkachuk will return for the championship game on Thursday. Amalie Benjamin of The Boston Globe shared a note from Matthew’s brother, Brady Tkachuk, saying Matthew will be ’good to go’ for Thursday’s matchup.

It’ll be important for the United States to get Matthew back in the lineup for the championship contest. He scored two goals and one assist in their victory against Team Finland last week and got the all-important matchup against Canada started with a fight against Brandon Hagel off the opening faceoff. Much like they are for their respective NHL clubs, the Tkachuk brothers have quickly become Teams USA’s emotional lifeblood.

Other notes from the 4 Nations Face-Off:

  • Another important substory from Saturday night’s rivalry matchup between Canada and the United States was the lack of the former’s top defenseman, Cale Makar. The former James Norris, Calder, and Conn Smythe Trophy winner was dealing with an illness that prohibited him from participating. Unfortunately for Team Canada, there’s no guarantee he’ll return against Team Finland. ESPN’s Greg Wyshynski shared that Makar has again been listed as a game-time decision for today’s matchup, meaning a firmer decision will be made closer to puck drop.
  • Speaking of Team Finland, the team’s forward grouping will look slightly different. Dan Rosen reported that Montreal Canadiens forward Joel Armia is replacing Chicago Blackhawks’ Teuvo Teräväinen in this afternoon’s lineup. Teräväinen has gone scoreless throughout the tournament averaging approximately 8:30 of ice time per game.

Pacific Notes: Kraken, Bordeleau, Terrance

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Due to a disappointing 24-29-4 record this season, the Seattle Kraken have been an oft-mentioned potential seller leading up to the trade deadline. With this in mind, Kate Shefte of The Seattle Times analyzed some potential trade candidates for the Kraken.

There weren’t many surprises in her article as Shefte noted Brandon Tanev, Yanni Gourde, Oliver Bjorkstrand, Jaden Schwartz, and Andre Burakovsky as trade pieces for Seattle. All five players have been mentioned in trade rumors throughout the season largely due to the Kraken’s disappointing record.

Shefte did note forward Eeli Tolvanen and defenseman Jamie Oleksiak, who hadn’t previously been mentioned in trade rumors before. In all fairness, it doesn’t seem likely that Seattle will move either player, given Tolvanen quickly re-upped on a two-year contract with the team last offseason and Oleksiak has a 16-team no-trade clause built into his contract.

Other Pacific notes:

  • Semi-regular San Jose Sharks’ forward Thomas Bordeleau is facing supplemental discipline at the AHL level.  The AHL’s Player Safety Committee announced that Bordeleau is suspended for one game for cross-checking Colorado Eagles’ forward Chris Wagner on Wednesday. Due to the suspension, he’ll miss the AHL’s San Jose Barracuda game tonight.
  • In a scary incident in last night’s game between the OHL’s Erie Otters and Owen Sound Attack, Otters captain and Anaheim Ducks’ prospect Carey Terrance was taken to the hospital due to an injury. Approximately 12 hours later, the Otters announced that Terrance had been discharged from the hospital and would continue with the team on their current road trip.

Trade Deadline Primer: New Jersey Devils

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With the 4 Nations Face-Off break here, the trade deadline looms large and is less than three weeks away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the New Jersey Devils.

A fully healthy Devils lineup is showing us exactly what they can do. New Jersey is safely positioned in a playoff spot entering the trade deadline after finishing bottom-five in the Eastern Conference last season. Still, the team is firmly set at the top for their forward core and defense, giving them little to add at the deadline. They have room to add in some areas but they won’t need too much heavy lifting to become a bona fide contender.

Record

31-20-6, 3rd in the Metropolitan

Deadline Status

Buyer

Deadline Cap Space

$5.558MM on deadline day, 0/3 retention slots used, 45/50 contracts used, per PuckPedia.

Upcoming Draft Picks

2025: NJ 2nd, EDM 2nd, WPG 2nd, VGK 3rd, NJ 4th, SJ 6th, NJ 6th
2026: NJ 1st, NJ 2nd, NJ 3rd, DAL 4th, WPG 4th, NJ 5th, NJ 6th, NJ 7th

Trade Chips

Although they don’t have their first-round pick for the 2025 NHL Draft thanks to the trade that landed netminder Jacob Markström, the Devils have a trio of second-round picks they easily part with at the deadline. The Oilers’ second-round pick was acquired in the trade sending John Marino to the Utah Hockey Club this past offseason, and they landed the Jets’ second-round pick after trading Tyler Toffoli during last year’s deadline.

It’s inarguable where the Devils will trade from if they look to move prospects. New Jersey already carries one of the deepest blue lines in the league and has plenty of youngsters waiting in the wings.

Scoring three goals and 15 points in 20 games with the AHL’s Utica Comets, defenseman Seamus Casey likely has similar value to a first-round pick. A prospect of his caliber would normally be a lock for NHL minutes relatively soon but Dougie Hamilton, Brett Pesce, and Simon Nemec are blocking most if not all of his minutes.

Beyond Casey, a recent first-round pick of the Devils, Anton Silayev, could also garner interest. He’s got a higher ceiling than Casey given his size and skating ability, but he’s still a few years away from being an NHL regular. Given the Devils’ immediate needs, neither defenseman strikes as a popular trade candidate for the deadline but New Jersey could make both available in the offseason for a high-impact move.

Team Needs

1) Third-Line Center: If the Devils need anything to supplement their roster, it’s a third-line center. Erik Haula has performed admirably, securing a 54.4% faceoff rate with over 500 attempts. Still, Haula is better served in a fourth-line role at this point of his career giving New Jersey a hole on their third line. Jake Evans of the Montreal Canadiens, who the Devils have already been linked to, would be the obvious choice as a rental candidate. Outside of Evans, New Jersey could look into the market for San Jose Sharks’ Luke Kunin, Utah’s Nick Bjugstad, and Trent Frederic of the Boston Bruins for a similar addition.

2) Additional Bottom-Six Depth: Despite specifically needing a third-line center, the Devils could generally use more depth in the bottom-six of their forward core. Paul Cotter and Stefan Noesen have been two of their better additions from the offseason but the Devils could stand to make the likes of Tomas Tatar a rotational piece. It wouldn’t be a game-changing add, but a winger such as Brandon Tanev, Michael Carcone, or Alexandre Texier could slightly move the needle when it comes to New Jersey’s playoff chances.

Photo courtesy of USA Today Sports Images.

Cale Makar Out With Illness, Thomas Harley Added To Roster

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Feb. 15th: According to Friedman, Makar has officially been ruled out of tonight’s contest due to an illness. Team Canada has been allowed to add Harley to the roster, who will draw in for Makar this evening.

Feb. 14th: Team Canada could be without its best defenseman, Cale Makar when it takes on Team USA, also without its best defenseman, Quinn Hughes. Sportsnet’s Elliotte Friedman reported this morning that Makar had missed today’s practice due to illness and that Philadelphia Flyers’ defenseman Travis Sanheim was skating in his spot in the lineup.

It would ultimately be a massive blow to a Canadian team that has already lost defenseman Shea Theodore for the remainder of the tournament. Chris Johnston of The Athletic confirmed yesterday that Dallas Stars’ defenseman Thomas Harley was brought in on a stand-by role should Team Canada lose another defenseman.

Given the tournament’s rules, there was speculation that Harley wouldn’t be allowed to join the team. However, The Athletic’s Pierre LeBrun reported that the NHL and NHLPA concluded that Harley could travel to join the team in Montreal but would only be allowed to practice and/or play if Makar is officially ruled out.

That doesn’t appear to be a likely outcome. LeBrun later shared that Team Canada’s head coach, Jon Cooper, felt confident that Makar would be in tomorrow’s lineup.

Cooper’s confidence should assuage most doubts about Makar’s availability tomorrow night. The former Calder, James Norris, and Conn Smythe Trophy winner went scoreless over 28:06 in Team Canada’s opening night win over Team Sweden adding three blocked shots.

Kings Prioritizing Right-Handed Scorer At Deadline

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In today’s edition of ’32 Thoughts’ on Sportsnet, Elliotte Friedman spoke briefly about the Los Angeles Kings’ priority leading up to the trade deadline. Friedman unsurprisingly shared that the Kings’ are engaged in the markets for right-handed scoring forwards.

The news is unsurprising for a few reasons. The Kings have a lethargic offense, especially for a playoff-bound team. Out of every team positioned in a divisional playoff spot, Los Angeles has the lowest goals-for-per-game, powerplay percentage, and shots-on-goal amount.

They also lack handedness diversity among forwards. Of the nine Kings’ forwards with 10 or more points on the year, winger Alex Laferriere is the only right-handed shot.

It’s unlikely Los Angeles would be willing to move Anže Kopitar or Quinton Byfield out of their roles as top-six centers, indicating the Kings will move toward the market for right-handed wings. Furthermore, with cap space being a limiting factor, Los Angeles should find themselves in the rental market.

Those assumed components narrow down the field of available wingers. Kyle Palmieri of the New York Islanders, Joel Armia of the Montreal Canadiens, and Justin Brazeau of the Boston Bruins are the only pending unrestricted free agents right-handed wingers with double-digit or more goals not on teams currently holding onto a playoff spot.

Palmieri should be the ideal candidate given he’s only one year removed from scoring 30 goals and has moderate playoff experience. If the Kings acquired Palmieri today, he would become their third-highest goal scorer and rank sixth in shots on goal.

The other two have scored 10 goals each this year and would cost less than Palmieri. Still, after being eliminated by the Edmonton Oilers in the first round of three straight playoffs, Los Angeles may want to target more of a game-changing talent.

Kraken’s Jared McCann Drawing Trade Interest

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A Sportsnet’s Jacob Stoller report earlier this week indicated that the Seattle Kraken could make forward Jared McCann available at the trade deadline. A few days later, Sportsnet’s Elliotte Friedman contradicted the report on his ’32 Thoughts’ podcast saying that multiple teams had contacted Seattle regarding McCann’s availability — not the other way around.

It makes a lot of sense for contending teams to inquire about McCann. He’s on a cost-effective $5MM salary until July 1st, 2027, and has become a bona fide top-six forward in Seattle. After being selected from the Toronto Maple Leafs in the 2021 NHL Expansion Draft, McCann has scored 110 goals and 224 points in 290 games, the franchise’s leader in both offensive categories.

Still, since Friedman noted that Seattle is receiving calls rather than making them, it would likely take a sizeable offer to pry him away from the Kraken. Friedman didn’t mention any teams specifically, but Ben Kuzma of The Province and Sammi Silber of The Hockey News both wrote articles rationalizing why the Vancouver Canucks and Washington Capitals could be potential fits respectively.

Although anything can happen, and more than two teams are likely calling, the edge would have to go to the Capitals. Out of the 18 trades made in Kraken history, the biggest deals have all been made with Eastern Conference teams involving players like Mark Giordano, Marcus Johansson, Oliver Bjorkstrand, Alexander Wennberg, and Kaapo Kakko.

Seattle has never been interested in helping teams within the Pacific Division and they don’t appear likely to trade arguably their top player, who they aren’t keenly interested in moving, to their rivals just over the northern border, even for a massive offer.

Washington would present another list of challenges. Even with approximately $17MM on LTIR, the Capitals only have $3.65MM in cap space which wouldn’t be enough to acquire McCann. They could include a roster player in the hypothetical trade but is Washington positioned to move on from Brandon Duhaime, Lars Eller, Nic Dowd, or Martin Fehervary?

As much as a player like McCann would generate plenty of trade interest, it doesn’t appear one is likely. Things could change leading up to the deadline, especially if more teams get involved, but it would likely require a generous overpay for the Kraken to part with their leading scorer.

Dallas Stars Sign Sam Steel To Two-Year Extension

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The Dallas Stars have started early in retaining one of their multiple forwards heading to unrestricted free agency next summer. Dallas announced they’ve signed forward Sam Steel to a two-year, $4.2MM extension which will take him through the 2026-27 NHL season.

Steel signed a one-year, $850K contract with the Stars on the first day of free agency in 2023 after going non-tendered by the Minnesota Wild. The former first-round pick responded well, scoring nine goals and 24 points in 77 games averaging 13:15 of ice time per game.

Although his offensive production doesn’t jump off the page, Steel’s work on the defensive side of the puck drew some attention. He had a +10 differential between takeaways and giveaways putting him in the same tier as Radek Faksa, Jamie Benn, and Jason Robertson.

His 52.0% CorsiFor% only ranked 15th on the team but it’s more impressive considering he started 58.7% of his shifts in the defensive zone. For better or worse, some of that has changed this season.

Steel is similarly producing solid possession metrics but his takeaway/giveaway differential has plummeted to -22. Still, in his defense, that is true of every player on the Stars this season.

He’s averaging slightly more offensive production being on pace for six goals and 20 points which has correlated to a mild 1:30 boost in average ice time. Given his consistency in Dallas’ lineup and relative youth compared to other forwards on the roster, the extension should benefit Steel and the Stars.

Analyzing Ryan Donato’s Trade Value

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Since the turn of the calendar, especially leading up to the trade deadline, one player receiving plenty of interest is Chicago Blackhawks winger Ryan Donato. Despite the perceived market building around Donato, the Blackhawks reportedly haven’t ruled out negotiating an extension for their third-highest scorer.

The trade interest isn’t just because of hasty buyers either. Donato is having a career year, scoring 19 goals and 18 assists in 53 games which has already topped his previous high of 31 points in 74 games during the 2021-22 season.

Typically a pending unrestricted free agent averaging 0.70 points per game on an affordable $2MM salary would command a first-round pick or a pair of seconds. However, there is some reason for pause when considering Donato as a potential trade deadline pick.

Since January 1st, Connor Bedard, Taylor Hall, or Teuvo Teräväinen have assisted on six of Donato’s eight goals. Additionally — those three players have contributed to just over half of his total points this season. Now it’ll become a question about who exactly is contributing more to who’s success.

Given that Donato is having an offensive breakout in his eighth season, and his average ice time has jumped from a career average of 12:46 to 15:03 this season, he’s most likely benefiting from Chicago’s poor supporting cast. The Blackhawks have given Donato more responsibility than he’s ever had at the NHL level, allowing him to play with the game’s young star in Bedard and one of the best passers in Teräväinen.

If interested parties begin to believe this, it could limit what they’re willing to spend on Donato. It’s likely the probable reason why Chicago is entertaining an extension rather than giving Donato away for less than their asking price.

The comparable deal for Donato in recent history is the trade that sent Tyler Toffoli from the New Jersey Devils to the Winnipeg Jets last trade deadline for a 2025 second-round pick and a 2024 third-round pick with the Devils retaining the remaining 50% of his contract.

Toffoli had 26 goals and 44 points in 61 games for the Devils before the trade — similar to Donato’s production this season. Should the Blackhawks want more than a second and third-round pick for their highest-goal scorer, they might be better served in signing him to a two- to three-year extension.

Minnesota Wild Reassign Devin Shore

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Feb. 12th: Indirectly confirming yesterday’s report, the Wild announced they’ve reassigned Shore to AHL Iowa meaning he’s successfully cleared waivers. Depending on the recovery timelines for Kirill Kaprizov and Jakub Lauko, Minnesota will likely need another forward or two when play resumes on February 22nd.

Feb. 11th: According to a report from PuckPedia, the Minnesota Wild have placed depth forward Devin Shore on waivers to reassign him to their AHL affiliate, the Iowa Wild. It is the fourth time the Wild have placed Shore on waivers this season.

Minnesota chose to waive Shore just six days before he would have required them for reassignment. With his next NHL game not scheduled until February 22nd, the move presented a timely opportunity for the Wild to manage their salary cap.

Despite the four waiver placements, the 10-year NHL veteran has spent most of the year in Minnesota. He’s scored one goal and two assists in 34 games averaging 8:28 of ice time per night in a fourth-line role. His multiple passes through waivers have given him considerable action with AHL Iowa, scoring two goals and 10 points in 14 games this year.

Given his $775K salary, the transaction won’t offer significant cap savings, but the Wild deemed the move worthwhile. If he clears waivers over the next 24 hours, Minnesota could recall Shore on February 21 or 22, giving them another 30 days or 10 games on the active roster before requiring waivers again.

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