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Toronto Maple Leafs Sign Martin Jones

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Aug 10: CapFriendly confirmed the financial details of Jones’ contract. The veteran netminder will earn the league-minimum $775K base salary with the remaining $100K paid out via a signing bonus.

Aug 9: The Toronto Maple Leafs and veteran netminder Martin Jones have agreed to a one-year, $875K contract, per a team release. He’s now expected to provide insurance and compete for the backup job in Toronto.

Jones, 33, brings a capable veteran element to Toronto’s crease depth, although it’s not out of the question that he’s assigned to the minors for the first time in a decade. He spent the 2022-23 season with the Seattle Kraken, posting a 27-13-3 record and three shutouts but a rather poor .886 save percentage in 48 games.

It was the most action Jones had seen in a season since his starting days with the San Jose Sharks in the mid-2010s, but it was mostly due to Philipp Grubauer’s injury-related absences rather than performance. Across ten seasons and 444 NHL contests with the Kraken, Sharks, Los Angeles Kings, and Philadelphia Flyers, Jones’ career numbers still read a .905 save percentage and 2.71 goals-against average despite his struggles in recent years.

Considering he hasn’t been an above-average netminder in six years, Jones likely slots in third on Toronto’s goalie depth chart behind starter Ilya Samsonov and intriguing prospect Joseph Woll. After the latter had a strong showing down the stretch of the regular season and in the playoffs when Samsonov went down with an injury, he’s the likely candidate to win a backup job.

While Jones did receive a one-way deal, that’s not likely an indication that Toronto envisions having him on the NHL roster all season. It’s clear the Leafs were looking to add at that position – their AHL goalie depth is unimpressive with Woll graduating to the pros. Earlier this summer, they were linked to another veteran, former Tampa Bay Lightning backup Brian Elliott, but he remains unsigned.

It’s worth noting Jones will require waivers to head to the AHL, and there’s no guarantee he’ll clear after the workload he took on last season and his affordable contract.

List Of Players Expected To Start 2023-24 On LTIR

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We’re at the point in the summer where most major signings are complete, meaning only a handful of free agents left on the market could still command over the maximum buriable threshold of $1.15MM per year on their next contract. That means financial pictures are mostly set league-wide, and general managers can now focus more on the arduous task of salary cap management.

For many teams nowadays, long-term injured reserve (LTIR) is an important tool in helping teams keep below the salary cap’s Upper Limit, which is set at $83.5MM for 2023-24. It’s not as straightforward as it seems at first glance, though. Placing a player on LTIR does not eliminate their cap hit from the team’s books until they’re activated again. Instead, a team only gains cap relief if they exceed the Upper Limit, and the specific amount of relief received depends on the team’s cap situation on the day they place a player on LTIR. A more detailed explanation of how LTIR works can be found on CapFriendly.

All LTIR situations are not created equal. To be eligible for LTIR, a player must miss at least ten games or 24 days of action. However, they don’t need to be placed on LTIR if they’re projected to miss more than that amount of time. Oftentimes, a team operating far below the Upper Limit that won’t need any relief will simply keep the player on standard injured reserve, especially if they’re relying on an injured player’s cap hit to stay above the Lower Limit (set at $61.7MM next season).

With that said, here is a list of players who are projected to meet the injury requirements for LTIR to start 2023-24:

Atlantic Division

Buffalo Sabres – Jack Quinn

This offseason was a tough break for the young Quinn, who sustained an Achilles injury during offseason training in June and is expected to be out of the lineup through Thanksgiving. While eligible, he’s unlikely to actually be placed on LTIR. He’s still on his entry-level contract and carries a marginal cap hit of $863K, making a move extremely inconsequential to the Sabres, who CapFriendly projects with over $6MM in space.

Florida Panthers – Aaron Ekblad, Brandon Montour

The Panthers are set to begin the season without the services of their top two defensemen, thanks to shoulder injuries sustained and exacerbated during their run to the 2023 Stanley Cup Final. Combined, the players carry a rather significant $11MM cap hit, which should give the Panthers some season-opening flexibility. Ekblad’s expected to miss more time than Montour, but neither is expected to miss the whole season – both should be back in the fold by the time the calendar flips to 2024. CapFriendly currently projects the Panthers dipping into LTIR relief by $1.175MM to start the season.

Montreal Canadiens – Carey Price

The team’s legendary netminder isn’t expected to play again after a knee injury, and he hasn’t suited up since the end of the 2021-22 campaign. He’ll likely spend the last three seasons of his contract (carrying a $10.5MM cap hit) on LTIR. As we covered earlier in the week, Montreal is in a bit of a no man’s land with Price’s contract. They’ll likely either look to shed salary to get under the Upper Limit entirely (which they currently sit around $5MM over) or add money to maximize’s Price’s LTIR relief, which they could then weaponize in-season to be a cap broker for trades.

Tampa Bay Lightning – Brent Seabrook

Like Price, Seabrook will be on LTIR for the remainder of his $6.875MM cap hit contract, which expires next summer. Acquired from the Chicago Blackhawks after his injury made it clear he wouldn’t play again, Seabrook has provided additional options for cap flexibility for the Lightning over the last two seasons. Tampa is expected to use close to all of Seabrook’s potential relief to stay compliant throughout the season.

Toronto Maple Leafs – Jake Muzzin, Matt Murray

While not confirmed, Muzzin’s playing future remains in serious doubt after sustaining a cervical spine fracture at the beginning of last season. No recent update has been issued on his recovery, and he’s expected to miss the entire 2023-24 campaign and will spend the final year of his contract on LTIR. Murray’s situation is shrouded in much more mystery, however. The team announced last month he’d begin next season on LTIR, but no specific details of his injury were confirmed, and no timetable was issued for a potential return. Murray missed significant time last season with a concussion and an adductor injury.

Metropolitan Division

Philadelphia Flyers – Ryan Ellis

Forwards Cam Atkinson and Sean Couturier are expected to return to the lineup after missing all of last season with injuries, but the same can’t be said for Ryan Ellis. President of hockey operations Keith Jones said a few days ago that Ellis is unlikely to “be able to continue his playing career because of a torn psoas muscle in his back.” Ellis played just four games for the Flyers after they acquired him from the Nashville Predators in 2021 before sustaining the career-ending injury.

Washington Capitals – Max Pacioretty

Pacioretty’s timeline for a return after sustaining back-to-back Achilles injuries isn’t clear, but he likely won’t be available to the team to start the season and should meet the requirements for LTIR. The financial circumstances surrounding the potential relief will be tricky to navigate given the performance bonuses included in his contract, however. Pacioretty should be joining the Capitals after signing a one-year deal last month, sometime in November or December if everything goes well in his recovery.

Central Division

Arizona Coyotes – Jakub Voracek, Shea Weber, Bryan Little

All three are players acquired by the Coyotes for the express consideration of helping them stay above the cap floor – which they are now far above after being big players on the free-agent market this summer. Nonetheless, all three are done with their NHL careers due to various injuries and will remain members of the Coyotes organization by contract only.

Colorado Avalanche – Gabriel Landeskog

Colorado will be without their captain for a second straight season after the winger underwent a cartilage transplant on his right knee this summer. Landeskog hasn’t played since hoisting the Stanley Cup in 2022, a playoff run during which he played through a knee injury. He’s signed through 2029, and there’s still the potential he plays again, although it won’t be anytime soon.

Pacific Division

Anaheim Ducks – Isac Lundeström

Lundeström projects to be on the shelf through next January after sustaining an Achilles injury during offseason training in Sweden. Given the Ducks are far from the Upper Limit, and Lundeström carries just a $1.8MM cap hit, Anaheim could keep him on standard injured reserve for the duration of his absence.

Vegas Golden Knights – Robin Lehner

All has been quiet on Lehner’s health after he missed all of last season. The All-Star-caliber netminder had double hip surgery last summer, keeping him out for the entire 2022-23 campaign. He was not around the team at all during their run to the 2023 Stanley Cup, and the team has issued no updates on his recovery since undergoing the surgery last summer. Without any indication that he’s close to a return, Lehner closes out our list.

Leafs Likely To Retain AGM Brandon Pridham

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  • Toronto Maple Leafs assistant general manager Brandon Pridham is likely sticking with the organization despite rumors to the contrary, Sportsnet’s Elliotte Friedman said while appearing on NHL Network yesterday. Friedman connected Pridham’s preference to stay in Toronto to new Pittsburgh Penguins general manager Kyle Dubas’ wait on filling the GM position in Pittsburgh full-time, saying Pridham was his top candidate for the Penguins’ GM role. Instead, Pridham informed the Leafs earlier this summer that he’d prefer to stay with the organization instead of following his former boss to Pittsburgh. The Penguins announced yesterday that Dubas will serve as the team’s full-time GM in addition to his president of hockey operations role.

Previewing The Top 2024 Unrestricted Free Agents

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This year’s free agent class was underwhelming. There’s no disrespect intended here to players like Alex Killorn, Dmitry Orlov and Vladimir Tarasenko. However, we’ve grown accustomed to at least one true star being available on the market every year – at least a top-ten player at their position. But a flurry of extensions took some potential game-breakers, such as Boston Bruins sniper David Pastrnak off the market, limiting the amount of star power available.

With the salary cap finally expected to jump significantly by about $4MM next offseason, some NHL general managers will undoubtedly look to spend that extra cash on a shiny new toy on the UFA market. As 2023 is mainly in the rearview mirror, let’s take a look at some of the best players slated to hit the open market next summer, whether or not they may extend, and offer some way-too-early contract projections in the process:

F Auston Matthews (Toronto Maple Leafs) – The unquestionable crown jewel of the 2024 free agent class might also be one of the least likely to hit the market. Matthews is more than just a superstar – he’s a season removed from back-to-back Rocket Richard Trophies, he’s led the league in even-strength goals in four out of his seven NHL seasons, and he’s coming off a “down season” in which he still managed 40 goals despite a career-low 12.2 shooting percentage. Toronto is still plugging away at an extension with Matthews, a process that was surely elongated by a change at the GM position earlier this offseason. While multiple reports suggested it likely won’t be a long-term deal to keep Matthews in Toronto, seeing his name available for anyone to pursue next July would be shocking.

Extension Likelihood: Very Likely
Projected Contract: Five years, $62MM ($12.4MM AAV)

F William Nylander (Toronto Maple Leafs) – Another star in Canada’s largest city is also headed for the open market next season. Nylander is coming off a strong season with a career-high 40 goals and 87 points, but multiple reports indicate contract talks are currently at an impasse between the two sides. The Swedish winger reportedly wants an eight-figure cap hit on his next deal, one he’s increasingly unlikely to receive after sub-$10MM extensions for players like the Carolina Hurricanes’ Sebastian Aho. He will be in his prime at 28 years old next summer, though, and he currently holds the undisputed title of the best pure winger slated to hit the market. Given the slated cap increase, Nylander may be able to garner the money he desires elsewhere if Toronto isn’t willing to fork over another eight-figure deal.

Extension Likelihood: Somewhat Unlikely
Projected Contract: Seven years, $70MM ($10MM AAV)

F Steven Stamkos (Tampa Bay Lightning) – Including Stamkos on this list seems like more of a formality than anything else. The captain of back-to-back Stanley Cup championship teams in Tampa and likely to go down as the greatest player in franchise history when he retires, it’s nearly impossible to imagine him wearing another jersey. Barring an unforeseen breakdown in communication, Stamkos will be re-upping with the Bolts on what could potentially be the final contract of his NHL career as he enters his mid-30s. After yet another point-per-game season, Stamkos will undoubtedly be sticking around in Tampa as long as they’ll have him, likely at a slight discount to help them replenish their depth reserves.

Extension Likelihood: Very Likely
Projected Contract: Four years, $31.5MM ($7.875MM AAV)

F Jake Guentzel (Pittsburgh Penguins) – The Penguins have exhibited a strong tendency toward keeping the band together in recent seasons, but it’s a trend that may change under the front-office leadership of Kyle Dubas. Still, it’s hard to imagine the Penguins won’t field a competitive offer to keep Guentzel in the fold. He’s been one of the most successful and consistent linemates to Sidney Crosby in the entire illustrious career of the future Hall-of-Famer, he’s a two-time 40-goal scorer, and he’s an incredibly clutch playoff performer. While contract extension talks haven’t begun between the two parties yet, reporting indicates the Penguins’ core shares the public’s view of Guentzel and would like to keep him around.

Extension Likelihood: Likely
Projected Contract: Eight years, $75MM ($9.375MM AAV)

F Mark Scheifele (Winnipeg Jets) – The first of two Jets on this list hasn’t been in trade rumors quite as much as his netminding counterpart, but there’s still a very good chance Scheifele is sporting a different jersey by the 2024 trade deadline. Speculation has immediately run rampant about Scheifele as a stop-gap fix down the middle for the Boston Bruins, who are without their number-one center after captain Patrice Bergeron announced his retirement last week. There are plenty of question marks about how highly Scheifele is actually valued around the league, given his significant defensive lapses, but he’s consistently produced the offense you’d want out of a number-one center. Despite scoring a career-high 42 goals last season, 2022-23 was actually Scheifele’s first campaign falling short of a point per game since 2015-16, when he was just 22 years old.

Extension Likelihood: Unlikely
Projected Contract: Seven years, $66MM ($9.4MM AAV)

D Devon Toews (Colorado Avalanche) – Toews may be the most unheralded defenseman in the league thanks to his partner, Cale Makar. On almost any other team, Toews would be a legitimate number-one defender with very few holes in his game. Little has been made of his impending free agency, but he’ll be due a major raise on his current bargain-bin $4.1MM cap hit. Combined with the potential loss of captain Gabriel Landeskog’s LTIR relief should he return to play in 2024-25, it could be incredibly difficult for Colorado to retain him even with the cap going up. Not only does Toews consistently rank among having some of the best defensive impacts in the league, but he’s also coming off back-to-back 50-point campaigns and has finished top-15 in Norris voting during each of his three seasons in Colorado.

Extension Likelihood: 50/50
Projected Contract: Seven years, $61MM ($8.7MM AAV)

D Brandon Montour (Florida Panthers) – A pair of prominent Panthers defenders are up for UFA status next season in Montour and Gustav Forsling, but Montour’s the one we’ll cover more in-depth here after he led the Panthers’ defense in playoff scoring with eight goals and 13 points in 21 games despite playing through a shoulder injury which will cost him the beginning of the 2023-24 campaign. His stock has never been higher after exploding for 73 points in 80 regular season games, along with a career-high 107 penalty minutes. While he’s still a rather one-dimensional player and likely to be somewhat of a liability defensively, he’s finally shown legitimate top-pair ability at 29 years old. Committing any term to Montour as a UFA may be a case of buyer beware, however, as his track record is far from consistent.

Extension Likelihood: Somewhat Unlikely
Projected Contract: Four years, $26MM ($6.5MM AAV)

G Connor Hellebuyck (Winnipeg Jets) – It seemed very unlikely a few months ago that Hellebuyck would be on this list today. While there’s no chance he’ll be signing an extension with the Jets, a trade followed by an extension with a new team seemed rather likely this offseason. However, some outlandish financial demands from Hellebuyck’s camp dried up trade interest, and there hasn’t been a lot of movement on that front lately. While small, the possibility that Hellebuyck lands on the open market next season seems to be increasing without a trade or extension any closer to fruition.

Extension Likelihood: Very Unlikely
Projected Contract: Seven years, $61.25MM ($8.75MM AAV)

Photos courtesy of USA Today Sports Images.

Toronto Maple Leafs Had Interest In Milan Lucic, Radko Gudas

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The Toronto Maple Leafs were active this summer in trying to add some toughness to their roster in the form of enforcers and multi-dimensional players, eventually settling on Max Domi, Ryan Reaves and Tyler Bertuzzi. Those weren’t the only players they contacted of that ilk, however. Both forward Milan Lucic (YouTube link) and defenseman Radko Gudas (link to iSport.cz) revealed in separate interviews that Toronto general manager Brad Treliving had pursued them in unrestricted free agency.

Lucic hadn’t been previously connected to the Leafs throughout this summer’s rumor cycle, but it makes sense they’d have interest given their pursuit and acquisition of Reaves to play a similar role. He told Paul Bissonnette and Ryan Whitney of the Spittin’ Chiclets podcast yesterday, though, that he’d turned down interest from Treliving because of his previous stint with the rival Boston Bruins. The 35-year-old would end up returning to Boston after an eight-year absence, inking a one-year, $1MM contract with the Bruins on July 1.

In terms of offense, Lucic would’ve been a higher-upside (and potentially cheaper) addition to the Leafs’ roster than Reaves. In fact, the only advantage Reaves arguably has between the two players is fighting skill – something the Leafs would end up paying a premium for with a three-year, $4.05MM commitment. Of course, Toronto would end up getting some higher-octane offensive players with the gritty element they were looking for in Bertuzzi and Domi.

Gudas, on the other hand, is pretty much the antithesis of the right-shot defender Toronto did end up signing, John Klingberg. A hulking, physical defensive specialist, Gudas told an outlet in his home country that he’d turned down offers from three teams (Toronto, Calgary and Edmonton) to avoid playing in front of a Canadian media market. While he did sacrifice playing on a competitive team in his twilight years, Gudas did get compensated nicely by the rebuilding Anaheim Ducks with a three-year, $12MM deal carrying trade protection.

The 33-year-old Czech was a large reason why his former team, the Florida Panthers, advanced all the way to the Stanley Cup Final for just the second time in franchise history. He quickly immortalized himself in Leafs lore in the process, going semi-viral for an image that showed him screaming at Toronto goalie Joseph Woll after the Panthers knocked the Leafs out of the playoffs in the Second Round thanks to a Game 5 overtime win.

While Toronto ended up paying slightly more in terms of cap hit for Klingberg ($4.15MM compared to Gudas’ $4MM in Anaheim), they were able to get him at just a one-year commitment, absolving themselves of any long-term consequences should the signing not pan out.

Gudas has topped 100 penalty minutes three times throughout his career and has consistently posted standout advanced defensive metrics over the past number of seasons. He recorded 17 points in 72 games for the Panthers last season while averaging 17:22 of ice time per game.

Examining Maple Leafs Bargain Bin Free Agent Targets

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Joshua Kloke of The Athletic wrote an article today highlighting seven bargain bin free agent targets that could help the Toronto Maple Leafs next season. The Maple Leafs currently sit about $2MM over the salary cap despite putting Jake Muzzin and Matt Murray on LTIR for next year, making it difficult to imagine Toronto doing much shopping in free agency unless they sign two-way deals or move out a contract. The names on the list were interesting, and certainly, they reflect the Maple Leafs’ salary cap predicament.

The most interesting name on Kloke’s list was three-time Stanley Cup champion Jonathan Toews. Much speculation has been made this off-season about the future of Toews as he has battled health issues the past few seasons and may be leaning towards retirement. Toews was effective last year, albeit in limited action as he dressed in just 53 games and put up 15 goals and 16 assists. The former captain of the Chicago Blackhawks doesn’t have much to play for at this point, but if he were to choose the Maple Leafs as a destination, he could slide into a similar role that Jason Spezza and Joe Thornton had when they arrived in Toronto a few years ago. Toews could be a very effective fourth-line center for Toronto even at this point in his career, but one must wonder if wants to.

Zach Aston-Reese was another name on the list and is coming off a season in which he scored a career-high 10 goals with Toronto. By all accounts, Aston-Reese was well-liked in Toronto and was effective for them in a fourth-line role. We profiled the Staten Island, New York native just days ago in our Free Agent Profile series and highlighted that the 28-year-old has some of the best defensive analytics in the league but offers very little offensively.

Another name on the list was a young reclamation project and that is 25-year-old Jesse Puljujarvi. The right-winger is coming off a very disappointing season in which he scored just five goals and was dumped by the Edmonton Oilers in a cap-cutting move last year. Puljujarvi has been a disappointment in his young career after getting drafted fourth overall in 2016. He has just 51 goals and 63 assists in 334 NHL games but is just a year removed from a 36-point season in 2021-22. The Maple Leafs would probably be a good landing spot for Puljujarvi as he could play in more of a sheltered role in Toronto and wouldn’t be relied upon to provide much offence. On the flip side of that, he struggled to play with skilled players like Connor McDavid, which leads to speculation about whether he’d be able to play with any of Toronto’s skilled forwards.

The most realistic target for the Maple Leafs on the list was center Derick Brassard. Brassard entered last season on a professional tryout with the Ottawa Senators and put up decent numbers in limited playing time. The 35-year-old had 13 goals and 10 assists in 62 games while averaging just 12 minutes of ice time per game. It’s possible that Brassard might also elect to retire, but he did express a desire to keep playing at the end of last year. He also enjoyed playing closer to home having grown up in Hull, Quebec, which is just across the river from Ottawa. Should Brassard want to stay close to family, Toronto would make sense. From the Maple Leafs’ perspective, there is no harm in bringing in a veteran like Brassard on a one-year deal for the league minimum. He would give them a scoring option in the bottom six who can fill in at center, and they could bury his contract in the minors without penalty should things not work out.

The other names on Kloke’s list were defensemen Ethan Bear and Scott Harrington, as well as forward Sam Gagner. Harrington is a former Maple Leaf and could offer some depth on the backend, while Bear is expected to miss a significant chunk of the year and would be a mid-season addition. Gagner could offer the Leafs some depth scoring on the fourth line and is close with John Taveres from their days playing in London. Perhaps a return home could be possible for the 33-year-old Gagner.

Toronto Maple Leafs Re-Sign Nicholas Abruzzese

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The Toronto Maple Leafs have re-signed forward Nicholas Abruzzese to a two-year, two-way contract extension, per a team announcement Monday morning. The deal’s average annual value is $775K, and PuckPedia confirms the full breakdown of his contract:

2023-24: $775K NHL salary, $175K minors salary
2024-25: $775K NHL salary, $250K minors salary, $350K guaranteed salary

This is Abruzzese’s second NHL contract after signing a two-year entry-level pact with the Leafs in March last year. The 24-year-old was a restricted free agent, Toronto’s last remaining unsigned player of the type.

After spending two fruitful collegiate campaigns with Harvard, Abruzzese had a solid first full pro season last year. Toronto’s fourth-round pick in 2019 has also gotten a cup of coffee in the NHL over the previous year and a half, posting a goal and two assists in 11 games (including two assists in two games to finish the 2022-23 campaign). His AHL stats were strong, posting 16 goals and 48 points in 69 games with the Toronto Marlies before going on a tear in the postseason, when he registered seven points in seven outings.

Abruzzese seems unlikely to make Toronto’s opening night roster, however. Pontus Holmberg has more experience in the NHL (he played 37 games last year) and likely has a leg up on a fourth-line center role to start the season. That’s not to say Abruzzese won’t get any NHL looks, though. It wouldn’t surprise many to see him get more than the two games he received last season, and he’ll be in the first tier of potential call-ups to the Maple Leafs from the Marlies, along with other prospects in their early 20s such as Alex Steeves and Nicholas Robertson (if he doesn’t make the Leafs out of camp).

The New York-born center will still have a year remaining before he’s eligible for unrestricted free agency when his deal expires in 2025, meaning he’ll still be an RFA in two years. Unlike this summer, he’ll be eligible for arbitration at that time.

Maple Leafs’ Rodion Amirov Reportedly Making Progress In Cancer Recovery

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One of the scariest pieces of NHL news in recent memory came across the wire in February 2022, when then-Toronto Maple Leafs general manager Kyle Dubas revealed that 2020 first-round pick Rodion Amirov had been diagnosed with a brain tumor. The 21-year-old winger has not played hockey since and continues on a long road to what is hopefully a full recovery.

There hasn’t been much news on Amirov’s health since the end of last year when Amirov came to Toronto to attend the team’s Hockey Fights Cancer night in November but returned to Russia to continue treatment shortly after and could not train. At the time, it was viewed as a setback in his recovery – Amirov had said in an interview earlier that summer he was hoping to return to the ice by that time.

However, there is some positive news regarding the young forward’s health today. Rinat Bashirov, the director of sport for Amirov’s KHL team, Salavat Yulaev Ufa, told Russian outlet Sport-Express that there’s a “positive trend” in Amirov’s recovery, but he’s continuing treatment. According to Bashirov (albeit a translated quote), Ufa believes Amirov will return to the ice at some point, although there’s no clear timeline.

Amirov reportedly signed a one-year contract extension with Ufa earlier this summer, allowing him to remain closely tied with the club and pursue treatment with their guidance. He also remains under contract with the Maple Leafs, although his three-year, entry-level contract expires next summer.

PHR extends its best wishes for Amirov’s long-term health and positive recovery.

$13.5MM AAV For Auston Matthews On His Next Deal?

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For a while now, there has been plenty of speculation that Maple Leafs center Auston Matthews intends to set a new benchmark for the highest AAV when he signs his next contract.  In a recent appearance on Sportsnet 590 (audio link), Nick Kypreos suggested that the two sides are believed to be in agreement on a cap hit at or around $13.5MM which would come in well above Nathan MacKinnon’s $12.6MM price tag.  At this point, the discussions between the two sides are focused on term.  Matthews took a five-year deal off his entry-level contract instead of a max-term agreement and it wouldn’t be surprising to see him take a shorter-term pact again with an eye on landing one more significant contract down the road.

Examining Toronto’s Further Cap-Cutting Options

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While today’s news that the Maple Leafs would be placing goaltender Matt Murray on LTIR to start the season helps to alleviate Toronto’s salary cap situation, they still have some work to do.  Using CapFriendly’s numbers, they still sit a little more than $2MM above the Upper Limit of the salary cap (even with Jake Muzzin being LTIR-bound himself) which means they have some paring down to do.

The recent arbitration award to Ilya Samsonov has opened up a second buyout window that they can utilize within the next 48 hours.  However, there are specific rules in place as to who can be bought out in this second window.  The player must make at least $4MM and have been on the roster last season.  Most of the other Toronto players that meet the criteria (and there aren’t many) have a zero percent chance of being bought out.

One possible exception is defenseman T.J. Brodie.  While they certainly wouldn’t want to part with the 33-year-old, the back-loaded structure of his contract would actually see the Maple Leafs clear the full $5MM AAV off the books for next season, clearing that gap and actually giving them some flexibility to add.  On the flip side, it would add $2.5MM onto the books for 2024-25 which certainly isn’t ideal with Auston Matthews and William Nylander needing pricey new deals next summer.  Speculatively, if they were open to parting with Brodie, a trade with 50% retention would free up $2.5MM in cap room and could yield a positive-value return, even in a market that doesn’t have a lot of financial wiggle room.

Assuming that’s not a route Toronto wants to take, let’s move on to some of the smaller cost-cutting options, sticking with the defense first.  Conor Timmins has a two-year deal that begins next season, one that carries a $1.1MM AAV.  While it’s generally viewed as bad form to trade a player that soon after signing an extension, Treliving wasn’t the one that gave him that deal.  Even if a trade option isn’t available, the contract can be fully buried in the minors without a lingering cap charge.  That might be their best option, actually, allowing them to keep Timmins in the organization a little longer and if another LTIR-eligible injury arises, he could then be brought up.

However, if head coach Sheldon Keefe wants to hold onto Timmins in the NHL, then Timothy Liljegren could become a cost-cutting candidate.  Signed for a reasonable $1.4MM next season, the 24-year-old has shown enough that they could get a solid return for his services although it would take another perceived part of their long-term plans out of the system, joining Rasmus Sandin who was moved at the deadline last season.

If Toronto parts with Brodie, it becomes much less likely that they’ll do something with Timmins or Liljegren as they’ll need them in the lineup on a regular basis.

Up front, there are presently 14 forwards on their projected roster.  They only need 12 so some savings can come from here.  Nicholas Robertson is coming off another shoulder injury and is waiver-exempt so his $797K is an easy one to pare down.

The other one isn’t as easy.  Sam Lafferty ($1.15MM) could be a luxury they could no longer afford and his contract could be fully buried in the minors if he was to clear waivers.  With the year he had, there could be a taker in training camp but with several capable role players still unsigned, his trade value right now would be limited.  Dylan Gambrell ($750K) is someone who might pass through unclaimed but he’d yield the fewest cap savings.  Pontus Holmberg ($800K) and Matthew Knies ($925K) are waiver-exempt and would save a bit more money than Gambrell but in a perfect world, they’re both in the opening lineup.

The other possible cap casualty could be winger Calle Jarnkrok.  At $2.1MM, his cap hit is hardly above market value but it might be a value that they can’t afford anymore while moving him outright would get them back into compliance.  However, the trade market for him might not be the best right now with other bottom-six players available in free agency and not necessarily needing the three years that Jarnkrok has left on his deal.

As you can see, there are certainly multiple paths that the Maple Leafs can take to get compliant.  But one way or the other, they will need to either part with some serviceable veterans or carry a minimum-sized roster to get there.  Treliving has added some pieces this summer including veterans John Klingberg, Tyler Bertuzzi, and Max Domi but some subtraction should now be coming.

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