Toronto Maple Leafs
46-28-8, 100 points, 3rd in the Atlantic Division
Eliminated in the First Round by Boston
Additions: F Pontus Aberg, F Kenny Agostino, F David Clarkson (acquired from VGK), F Tyler Gaudet, F Alexander Kerfoot (acquired from COL), F Kalle Kossila, F Aaron Luchuk (acquired from OTT), F Nick Shore, F Jason Spezza, F Garrett Wilson, D Tyson Barrie (acquired from COL), D Cody Ceci (acquired from OTT), D Kevin Gravel, D Ben Harpur (acquired from OTT), D Jordan Schmaltz (acquired from STL)
Subtractions: F Nick Baptiste (signed with Toronto, AHL), F Connor Brown (traded to OTT), F Michael Carcone (traded to OTT), F Tyler Ennis (signed with OTT), F Gabriel Gagne (signed with Allen, ECHL), F Josh Jooris (NLA), F Dakota Joshua (traded to STL), F Nazem Kadri (traded to COL), F Patrick Marleau (traded to CAR), F Chris Mueller (signed with TBL), D Andreas Borgman (traded to STL), D Jake Gardiner (signed with CAR), D Fedor Gordeev (traded to MIN), D Ron Hainsey (signed with OTT), D Vincent LoVerde (signed with Hartford, AHL), D Igor Ozhiganov (KHL), D Calle Rosen (traded to COL), D Jordan Subban (EBEL), D Nikita Zaitsev (traded to OTT), G Eamon McAdam (signed with Binghamton, AHL), G Garret Sparks (traded to VGK)
Still Unsigned: D Steve Oleksy
Re-signed: F Mitch Marner, D Martin Marincin, G Michael Hutchinson
Offseason Analysis: Kyle Dubas had a busy offseason as general manager of the Toronto Maple Leafs. His main priority was re-signing Mitch Marner, which finally wrapped up on Sept. 13th.
Marner signed a six-year extension worth $10.893 million per season. Whether or not he’s actually worth that much money is a different question, but the fact of the matter is it didn’t help the Maple Leafs.
Together with Auston Matthews, John Tavares and William Nylander, Marner and the other three make up $40,489,366 of Toronto’s salary cap.
This season’s salary cap ceiling is $81.500 million.
Three of the seven highest paid players in the league are on the Leafs and the four highest paid Leafs eat up almost half of Toronto’s salary cap.
At the time of Marner’s signing, the Maple Leafs were $13,365,199 over the salary cap.
Granted, Pontus Aberg and Frederik Gauthier were assigned to the Toronto Marlies (AHL), while Nathan Horton, David Clarkson, Zach Hyman and Travis Dermott are all expected to be placed on the long-term injured reserve to allow the Leafs to remain cap compliant.
Things should get interesting, however, once Hyman and Dermott return from injury, not that their salaries are that expensive, but rather the day-to-day cap operations and paper transactions necessary to make things work should be a lot of fun for Toronto’s front office to balance.
Mike Babcock is still behind the bench in Toronto after three straight seasons of First Round exits– including back-to-back Game 7 losses on the road against the Boston Bruins in 2018 and last season.
Dubas was active in the trade market to 1) free up expendable salary to re-sign Marner and 2) improve his roster from last season to this season.
He may have unintentionally 3) stunted the team’s growth in the process.
Toronto seven trades involving players this offseason, including three pretty big deals for the Maple Leafs.
Patrick Marleau, a conditional 2020 1st round pick and a 2020 7th round pick were shipped to the Carolina Hurricanes in exchange for a 2020 6th round pick at the 2019 NHL Draft on June 22nd.
Rather than buyout Marleau’s contract and face cap penalty, Toronto was able to convince Carolina to take on his salary and offer him the chance to play for the Hurricanes or buy him out. Marleau refused to play for the Canes, so now Carolina is saddled with his buyout penalty.
In the process, if the Maple Leafs yield a top-10 pick in the 2020 Draft, the conditional 1st rounder in the trade becomes a 2021 1st round pick.
In place of Marleau, the Leafs signed Jason Spezza to a league-minimum, one-year, $700,000 contract. Spezza will likely play on the fourth line in a limited role as Marleau would have begun to see less and less time on ice at this stage of his career.
Dubas knew Toronto wasn’t going to be able to keep Jake Gardiner and maintain a happy relationship with Nikita Zaitsev as Zaitsev had already requested a trade.
As such, Dubas packaged Zaitsev with Connor Brown and Michael Carcone in a trade with the Ottawa Senators in exchange for Cody Ceci, Ben Harpur, Aaron Luchuk and a 2020 3rd round pick on July 1st.
Ceci then signed a one-year extension– worth $4.500 million– as a restricted free agent with the Leafs.
For that same price and eight points less than Ceci had last season, Zaitsev is at least signed through 2023-24 at the fixed rate of $4.500 million.
Zaitsev has broken the 30-point plateau before as a defender, while Ceci never has– though he did record 26 points with Ottawa last season.
The fact of the matter is that if Toronto was trying to save money this season on a defender, they didn’t.
And if they were thinking “maybe we can find a cheaper replacement in Ceci”, the fact that they’re already paying the defender in his prime what Zaitsev was already making doesn’t do them any long-term favors as Ceci’s cap hit is expected to go up– especially if the current ceiling remains about the same until the next collective bargaining agreement is negotiated in 2022.
But for all that the loss of Gardiner did to the special teams in Toronto, at least Dubas was able to find a sweet deal with the Colorado Avalanche.
The Maple Leafs traded Nazem Kadri, Calle Rosen and a 2020 3rd round pick to Colorado for Tyson Barrie, Alexander Kerfoot and a 2020 6th round pick on July 1st.
The Avs retained some salary on Barrie’s contract, which– you guessed it– also expires at the end of this season, but at least Toronto can afford $2.750 million right now as opposed to a more significant cap hit.
To their credit, the Maple Leafs negotiated a four-year extension with Kerfoot worth $3.500 million per season, which is $1.000 million less than Kadri’s cap hit.
Barrie is a versatile defender that excels on the power play and fills the void left behind by Gardiner’s departure.
Clearly, while Dubas has, in fact, made improvements to the team, he’s also made minor tweaks and delayed the inevitable headaches that he or the next general manager of the Maple Leafs is sure to face.
But at least this time around Toronto is convinced they have the team that they’ve been planning for the last five years to “win now”.
The younger players are more experienced, the salary spent is at the ceiling and Babcock– a Stanley Cup winning coach who last won the Cup 11 years ago with the Detroit Red Wings in 2008 (a rather different era and style of the game than what it is today)– are all ready for the challenge of making it out of the First Round to show they’ve at least made some progress.
One definition of insanity is “doing the same thing and expecting a different result” and if something doesn’t change the end result in the 2020 Stanley Cup Playoffs for Toronto, then…
At the very least, last season’s backup, Garret Sparks, was traded to the Vegas Golden Knights for Clarkson’s contract and a 2020 4th round pick and nobody can blame Marner for being a “greedy holdout” anymore.
Offseason Grade: B-
The Marner contract is not great, but the other moves made by the Leafs this offseason mean that they’re actually trying. There is a plan in place that they remain committed to– constantly evaluating and re-evaluating talent for the overall intended improvement of the organization.
Whether or not Toronto is sure to win the Cup this season remains to be seen. Every year there’s always Cup front runners on paper, but the on-ice product and results vary. This team is capable of winning the Cup, but they still have a lot of work to do to earn it.
Toronto Maple Leafs
Down the Frozen River 
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