Maple Leafs Recall Jacob Quillan
The Maple Leafs recalled center Jacob Quillan from AHL Toronto today, per a team announcement. He takes Nicolas Roy‘s roster spot after he was traded to the Avalanche this morning.
Quillan, 24, has been up and down between the Leafs and Marlies for much of this season but has made a strong case to stay up for the stretch run as Toronto enters sell mode. The second-year pro out of Quinnipiac has suddenly established himself as one of Toronto’s top “prospects,” even given his relatively advanced age, putting up a 12-21–33 scoring line in 38 AHL games.
Quillan has received brief looks in the NHL over the last two seasons, seeing his debut in January 2025 cut short by an injury. He’s been buried on the fourth line and hasn’t scored, only averaging 7:11 of ice time per game across five total appearances, but is averaging two hits per game in that small sample.
This year’s offensive surge has likely put him squarely on the Leafs’ radar for a roster spot in the fall, although the pending restricted free agent will need a new contract before that happens. Even if that scoring doesn’t translate to the NHL, he has the physical tools at 6’1″ and 204 lbs, plus a strong history of two-way play in the NCAA and AHL, to make him a fourth-line staple.
It’s worth noting that the Leafs might return Quillan to the AHL tomorrow to make him eligible for the Calder Cup Playoffs. He can then be recalled again after the trade deadline – players just have to be on an AHL roster at the time the deadline passes to be able to suit up in minor-league playoff action.
Colorado Avalanche Acquire Nicolas Roy
The Colorado Avalanche have acquired forward Nicolas Roy from the Toronto Maple Leafs, in exchange for a conditional 2027 first-round pick and a conditional 2026 fifth-round pick. The conditions on both picks read as follows:
In the event Colorado’s 2027 first-round selection is in the top-10 of the 2027 NHL Draft, Colorado will send its unprotected 2028 first-round pick to Toronto. Colorado currently holds three fifth-round selections in the 2026 NHL Draft; the lowest of those three picks will be transferred to Toronto as part of the transaction.
Yesterday, Frank Seravalli reported that the Maple Leafs’ asking price of a first-round pick plus a prospect for Roy had “held steady,” and that Toronto was unwilling to retain salary at that price. The Maple Leafs ultimately got the first-rounder they sought, though the fifth-round pick will have to suffice in place of a prospect. 
The move ends what was a brief tenure in Toronto for Roy, who was acquired over the summer as part of the Vegas Golden Knights’ acquisition of star winger Mitch Marner. Roy had been a solid middle-six center in Vegas, scoring 15 goals and 31 points in 71 games in 2024-25 and 41 points in 70 games in 2023-24.
His numbers took a tumble in Toronto, where he has just five goals and 20 points in 59 games, but his resume remains strong nonetheless.
That’s especially true considering he’s under contract for an additional year at an entirely affordable $3MM cap hit. Roy was also regularly playing on the penalty kill in Toronto, ranking No. 3 among Maple Leafs forwards in short-handed time on ice per game.
Roy is likely to slot in as Colorado’s No. 3 center, lining up behind Nathan MacKinnon and Brock Nelson. As previously mentioned, he excelled in a similar role in Vegas, and given the team control afforded by his contract, it appears the Avalanche have their top three centers locked in for the next two playoff runs, at the minimum. His addition could also help the already-stellar Avalanche penalty kill.
While a first-round pick isn’t a cheap price to pay for any player, it looks to be a fair one for Roy. While his numbers are down, he should be able to capably occupy the No. 3 center role with some special teams value. That’s not an insignificant role whatsoever, and adding Roy now is more valuable to the Avalanche than selecting a player with that first-round pick likely would be. Colorado is looking to maximize its odds of winning another Stanley Cup with core players such as MacKinnon and Cale Makar in their prime, and adding Roy certainly helps in that pursuit.
From Toronto’s perspective, this trade begins what could be a larger effort to sell players and regroup with an eye to the future. The offseason loss of Mitch Marner, among other factors, helped destabilize what has been a consistent regular-season juggernaut over the last decade. Toronto looks more likely than not to miss the playoffs for just the second time since 2015-16, the year they earned the No. 1 pick and right to select franchise face Auston Matthews.
Landing a first-round pick for Roy will allow the team to bolster its prospect pool, which entered the season ranked No. 27 in the NHL by Elite Prospects. The team could also flip the pick for a younger player who is at or near NHL-readiness, in order to better support a competitive timeline centered around its existing stars.
In any case, this move is one that makes considerable sense for both involved teams, and it will be interesting to see what decisions Toronto makes moving forward as it navigates a wholly uncertain future.
Photos courtesy of Charles LeClaire-Imagn Images
Maple Leafs Scratch Multiple Players
The writing is on the wall for the Toronto Maple Leafs. Firmly shifting their eyes toward selling, the Maple Leafs announced they had scratched Oliver Ekman-Larsson, Scott Laughton, and Bobby McMann ahead of the trade deadline. The term they used in their announcement was “roster-management purposes.”
Although no deal is close on any of the trio, it’s the first indication that Toronto recognizes that the 2025-26 season is lost. The Maple Leafs are 0-3-1 since the Olympics, being outscored by 10. They have fallen nine points back of the final wild-card spot in the Eastern Conference.
Assuming they finish outside of a playoff spot, it’ll be the first time in a decade that the Maple Leafs have failed to qualify for the postseason. The biggest looming issue is that Toronto is projected to be without its first-round pick in the upcoming draft. The selection was moved to the Boston Bruins last season in the Brandon Carlo trade, but is top-five protected. As of right now, the Maple Leafs are projected to have the 11th overall pick, which would be of immense value to Boston.
All three of tonight’s scratches have been mentioned in trade rumors of late.
Defenseman Ekman-Larsson is in the second year of a four-year, $14MM contract. He’s been a solid top-four option for the Maple Leafs, scoring 12 goals and 64 points in 138 games, averaging 20:57 of ice time. Still, despite adding some physicality, Ekman-Larsson has seen his possession and defensive metrics drop mildly since joining Toronto.
According to The Fourth Period, the Dallas Stars, Edmonton Oilers, and Utah Mammoth are interested in Ekman-Larsson. After acquiring Tyler Myers from the Vancouver Canucks earlier today, the Stars’ reported interest may have evaporated.
Meanwhile, Laughton and McMann are both expiring assets that have the flexibility to play up and down any team’s lineup. Laughton’s scoring output has dissipated throughout his first full year in Toronto, but he remains quite responsible in the defensive zone and has a 56.7% faceoff percentage this season. The Maple Leafs acquired Laughton at the last deadline for Nikita Grebenkin and a first-round pick.
McMann would likely have the most trade value of the group. He has scored 19 goals and 32 points in 60 games this year and is on an incredibly affordable $1.35MM salary. Toronto should have no shortage of phone calls on the pending unrestricted free agent over the next few days. Still, it’s important to remember that Toronto is attempting to sign McMann to a multi-year extension if the price is right.
Maple Leafs’ Chris Tanev Undergoes Core Muscle Surgery
The Maple Leafs announced today that defenseman Chris Tanev has undergone a successful core muscle procedure in New York City. He will miss the remainder of the season but is expected to fully participate in training camp in September.
Tanev had not played since Dec. 28 with what was initially described as a groin injury. Surgery was mentioned as a possibility as far back as January. Tanev then skated on his own during the Olympic break, but evidently didn’t make enough forward progress with non-surgical rehab to return this season.
Combined with a pair of upper-body injuries earlier in the year, Tanev ends his 2025-26 campaign with just 11 games played. Injuries have long been a concern throughout the rugged defender’s career, but missing this much time is new territory. The top-four shutdown fixture closes the book on his age-36 season with two assists, a +8 rating, 18 shot attempts, a 17:58 time on ice average, 15 blocks, and two hits.
Injuries and durability were the primary concerns when the Leafs signed Tanev to a six-year, $27MM deal in free agency in 2024, worth $4.5MM per season. That cap hit is still a bit of a discount for what he brings to the table when healthy, but signing a player who’s hit 70 games just four times in his 16-year career until he’s 40 was a controversial decision. Combined with a no-movement clause, it could quickly become a nuisance deal if he spends more time on IR than on the ice moving forward, albeit less so as the salary cap continues to rise.
While a tough loss for the Maple Leafs, they’re used to it by now. With their playoff hopes this season all but gone, there was no reason to try to maintain Tanev’s health for the last few weeks of the year. Tanev’s continued absence means ongoing responsibility for depth pieces Philippe Myers and Troy Stecher to step into bottom-pairing duties, while potentially creating more opportunities for young recall options Henry Thrun and William Villeneuve, depending on how many defenders Toronto sells off in the next two days.
Salary Cap Deep Dive: Toronto Maple Leafs
Navigating the salary cap is one of the most important tasks for a front office. Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those who don’t often see struggles and front office changes.
PHR will look at every NHL team and give a thorough look at their cap situation for the 2025-26 season. This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of PuckPedia. We’re currently covering the Atlantic Division, last up are the Maple Leafs.
Toronto Maple Leafs
Current Cap Hit: $94,621,472 (under the $95.5MM Upper Limit)
Entry-Level Contracts
F Easton Cowan (three years, $873.5K)
After a strong junior career, Cowan made the jump directly to the NHL and has been a capable player in a limited role. They’ll be hoping that he can move into a top-six role before too long (potentially as soon as next season) which could change his trajectory quickly. At this point, it seems more likely that he’d get a bridge deal (potentially in the $3MM to $4MM range) but if he becomes a top-six piece fairly soon and sticks, he could also wind up with a longer-term deal which could cost as much as double that amount.
Signed Through 2025-26, Non-Entry-Level
D Matt Benning ($1.25MM, UFA)
F Calle Jarnkrok ($2.1MM, UFA)
F Scott Laughton ($1.5MM, RFA)*
F Matias Maccelli ($3.425MM, RFA)
F Bobby McMann ($1.35MM, UFA)
F Nicholas Robertson ($1.825MM, RFA)
D Troy Stecher ($787.5K, UFA)
*-Philadelphia is retaining an additional $1.5MM on Laughton’s contract.
Maccelli was brought in from Utah in the hopes that he’d help replace some of the playmaking that left when Mitch Marner went to Vegas. Instead, he has bounced up and down and even in and out of the lineup as a healthy scratch at times while not producing as much as they hoped for. Owed a $4.11MM qualifying offer with arbitration rights, he’s a strong non-tender candidate unless they work out a cheaper deal closer to his current price before then. Laughton has seen his production tumble since joining Toronto. However, he’s still a strong defensive player and is having a career year at the faceoff dot. That should be enough to earn him at least a small raise on a multi-year pact even with his offensive struggles.
Jarnkrok is not the impactful utility player he was earlier in his career, resulting in several healthy scratches. If he doesn’t wind up going back overseas this summer, he’s probably looking at a contract closer to the league minimum. Robertson has taken some strides this season, putting him on pace for a career year while having arbitration rights this summer. A jump to the $3MM range isn’t unrealistic as a result.
McMann will be one of the more intriguing UFA options this summer, especially since a lot of the top players have already re-signed. Barring injury, he’s a lock for his second straight 20-goal season and will get there despite playing time that is in the low end for a second liner and is more like a high-end third liner. Tripling his current price seems quite likely; a bidding war could push it into the $5MM range.
Benning hasn’t been up with Toronto for most of the season and only gets a passing mention here because $100K is on their books as a dead cap charge while he’s with the Marlies. Stecher, meanwhile, has been a very serviceable waiver claim from Edmonton, going from a fringe blueliner to someone logging 20 minutes a night. Still, given how he has bounced around and is generally viewed as more of a depth player, he probably won’t get a huge boost on his next deal. Doubling this could be doable, however, which would be a nice outcome for someone who was on waivers just a few months ago.
Signed Through 2026-27
D Simon Benoit ($1.35MM, UFA)
D Brandon Carlo ($3.485MM, UFA)*
D Philippe Myers ($850K, UFA)
F Nicolas Roy ($3MM, UFA)
*-Boston is retaining an additional $615K on Carlo’s contract.
Roy came over from Vegas in the Marner sign-and-trade and has basically been the effective third liner he has been for most of his career. The price tag for those types of players has ticked up in recent years and should continue to do so in a more inflated cap environment. A bump to the $4MM territory could be doable while Laughton’s next contract this coming summer could serve as a good indicator of where Roy’s could land.
Toronto paid a high price to land Carlo at the trade deadline last season and it hasn’t quite worked out so far. Never a big point producer, even his defensive game has slipped a bit. Even so, he’ll be UFA-eligible at the age of 30 and is a big, right-shot player. Those elements should still land him a raise unless his play really falls off a cliff between now and then. A multi-year pact in the $4.5MM range might be the floor right now with a bump up from that if his performance rebounds next season.
Benoit has been a serviceable third-pairing player for most of his career but his limitations are well-known. It’s plausible that he stays in this area (even a jump to $1.5MM or so wouldn’t be surprising) but it seems unlikely that he’d command more than that unless he suddenly becomes more of a top-four option. Myers was once a quality prospect in Philadelphia but has been more of a fringe player in recent years. He’s likely to stay at the minimum salary and even securing a one-way deal isn’t a guarantee at this point.
Signed Through 2027-28
F Max Domi ($3.75MM, UFA)
D Oliver Ekman-Larsson ($3.5MM, UFA)
F Dakota Joshua ($3.25MM, UFA)
F Steven Lorentz ($1.35MM, UFA)
F Auston Matthews ($13.25MM, UFA)
G Joseph Woll ($3.67MM, UFA)
Matthews has opted for a shorter-term contract in each of his two non-entry-level negotiations. The idea was that doing so set him up best for a big payday. It worked the first time as this deal was briefly the record-setter for AAV. It’s hard to project that happening again, knowing some other contracts that have since been signed (and others to come) but if Matthews is open to a long-term pact this time around, a jump past the $15MM mark could be realistic, as long as his offensive drop this season isn’t a sign of things to come. However, if he wants another shorter-term agreement, the price tag could run a little higher but still not challenge for another league record.
Domi’s first season in Toronto was good enough to land him the multi-year commitment that he had been seeking for a while. Things haven’t gone as well since then, however. While he’s a strong playmaker, his lack of goals, a smaller stature, and a penchant for penalties could result in his market being more restricted than most again. Barring an improvement in his production over the next couple of years, he might have a hard time matching this price and term on his next contract.
Joshua was acquired over the offseason from Vancouver with the hopes that a change of scenery could get him back to his 2023-24 level. That hasn’t exactly happened as he has played more like a fourth liner making third-line money. He will need to rebound considerably in the back half of the deal to have any chance of matching this on his next contract. Lorentz rebounded well last season after a limited 2023-24 campaign in Florida and was able to earn some stability with this deal. For a fourth liner who can kill penalties, this is a reasonable contract but with his limited offensive upside, he’s probably not going to be able to command much more down the road.
Ekman-Larsson opted for stability as well back in 2024 with this deal, a four-year pact that takes him through his age-36 season. After a more limited role in Florida following a buyout from Vancouver, he has been deployed regularly in a top-four role and has thrived. Given how much he has played over the years, there could be some concern of him slowing down at the back of the contract but right now, this is definitely one of their better bargains.
When healthy, Woll has looked like a legitimate NHL starting goaltender. However, staying healthy has been a challenge in recent years which has limited his earnings upside. If he has a good year or two on this deal and can play 50-plus games, doubling this price tag is certainly realistic. However, if he continues to be in the 35-40-game range (either through injuries or being in a straight platoon), Woll might be more in the $5MM territory moving forward.
Maple Leafs Activate Dakota Joshua From LTIR
2/25: As expected, Toronto has activated Joshua off of LTIR.
2/24: The Maple Leafs will activate winger Dakota Joshua from long-term injured reserve before tomorrow’s game against the Lightning, according to Sportsnet’s Anna Dua. Whether he plays or not remains to be seen – Joshua “will have his time managed” during this week’s back-to-back, Dua writes – but he will be available. They have an open roster spot, so no corresponding move will be required.
It will be Joshua’s first appearance of the calendar year if he plays. He sustained a kidney laceration on Dec. 28 against the Red Wings. He started skating last month but wasn’t close to returning due to the risk of re-injury. Now that it’s mitigated, he’ll be able to step back in.
When the Maple Leafs surrendered a fourth-round pick to acquire Joshua from the Canucks last summer, they were hoping he was a buy-low candidate that could return to the 18-goal, 32-point form he showed with Vancouver in 2023-24. The bottom-six grinder landed a four-year, $13MM extension at the time as a result, but he regressed to seven goals and 14 points in 57 games the following season after recovering from testicular cancer.
So far in Toronto, he’s produced at around the same pace. He’s managed six goals and 10 points in 36 games, working out to 0.28 points per game – just a bit higher than last year’s pace and still below his 0.32 career average. That’s even with Joshua shooting at a rather high 18.8% clip. He’s averaging just 0.89 shots on goal per game this season, his lowest figure since a 12-game rookie trial with the Blues in 2020-21.
Regardless, head coach Craig Berube has leaned on Joshua heavily in defensive situations at even strength. He’s started 72.6% of his 5-on-5 shifts in the D-zone, so even if he’s not playing a large role on Toronto’s penalty kill, his -2 rating is a strong one considering the type of deployment he’s been given. For a Leafs team that’s underwater in every possession metric, getting a trusted defensive piece like Joshua back isn’t without virtue as they try to make up the six-point difference keeping them out of a playoff spot.
Chris Tanev Resumes Skating
Due to a significant groin injury, veteran defenseman Chris Tanev has been limited to 11 games this season with the Toronto Maple Leafs. Again trying to rehabilitate the injury, THN’s Nick Barden reported that Tanev took to the ice on his own today, and the Maple Leafs will decide by the end of the weekend if he’s good to return to practice.
Maple Leafs Reassign Bo Groulx, William Villeneuve
Feb. 20: Groulx is headed back to the AHL today along with defenseman William Villeneuve, who was summoned two days ago, per a team announcement.
Feb. 19: The Maple Leafs announced they’ve recalled center Benoit-Olivier Groulx from AHL Toronto. He’ll join the team for today’s practice with forward Max Domi absent due to personal reasons, in addition to Auston Matthews remaining unavailable as he looks to captain Team USA to a gold medal at the Winter Olympics.
Groulx, 26, was a second-round pick by the Ducks in 2018. He has 65 NHL games to his name, all coming with Anaheim from 2021-24. After making a career-high 45 appearances in the 2023-24 campaign, the Ducks non-tendered him. He’s spent the last two seasons exclusively in the AHL on NHL. deals, first on a two-way pact with the Rangers in 2024-25 before signing a two-year, one-way, league-minimum deal with Toronto last summer.
The 6’2″, 205-lb pivot has only demonstrated limited offensive upside in the NHL but has been one of the best two-way forwards in the minors over the last two seasons. Once named the QMJHL’s best defensive forward during his junior days, he’s racked up 22 goals and 42 points in 47 games to lead the Marlies in scoring, along with a +9 rating.
He’ll now look to make a strong impression in whatever practice deployment he gets to boost his chances of a call-up heading into next season. Since he signed a two-year deal, his $812,500 cap hit next season will actually be less than the new league minimum of $850,000.
No Progress In McMann Extension Talks
Maple Leafs winger Bobby McMann is the middle of a career year and appears to be poised to cash in on his next contract. While Toronto would like to re-sign him, talks don’t appear to be going well as The Fourth Period’s David Pagnotta reported on a Leafs Morning Take appearance (video link) that there has been no progression in those discussions. The 29-year-old is on a very affordable $1.35MM price tag which could fit in on most contender’s cap structures which is part of the reason Toronto is believed to be seeking a first-round pick for his services. If the two sides can’t work out an extension over the next couple of weeks, we’ll find out if his contract is valuable enough to net the Maple Leafs the return they seek.
Maple Leafs Recall William Villeneuve
The Maple Leafs announced they’ve recalled defenseman William Villeneuve from AHL Toronto. He’ll give the Leafs an extra defenseman at practices for the time being while they await Oliver Ekman-Larsson‘s return from representing Sweden at the Olympics.
Villeneuve hasn’t gotten a recall yet this season. Some have questioned that decision given the lack of puck-moving ability on Toronto’s blue line outside of Ekman-Larsson and Morgan Rielly. The 23-year-old was a fourth-round pick in 2020 and is now in his fourth pro season.
Last year marked a breakout for the 6’2″ righty. After a pair of decent showings lower in the Marlies’ lineup, he had his minutes elevated and exploded for 36 assists and 40 points in 55 games, leading the team’s defense in scoring along with a team-high +17 rating. His stock has tanked in 2025-26, though. With 18 points in 40 games, he’s on pace for the worst offensive performance of his professional career and has flipped to a team-worst -8 rating. His drop-off is part of a larger decline from the Marlies’ roster, though – he still leads their blue line in scoring.
His NHL-ready size and longer body of two-way success in the AHL still has him ranked as Toronto’s No. 5 prospect and No. 2-ranked defenseman, Terry Koshan of the Toronto Sun opined earlier this month. A pending restricted free agent, he’s a clear bet to receive a qualifying offer for the second year in a row and could be in line for his NHL debut down the stretch if Toronto sells off a defender or two ahead of the trade deadline.