All season long GM Bryan Murray was trying to trade Colin Greening and Jared Cowen with no takers. The Toronto Maple Leafs wanted to free up cap space for the long-term. (Possible signing of Steven Stamkos this summer…)
The Leafs have traded defenceman and captain Dion Phaneuf to the Ottawa Senators in a nine player deal. Along with Phaneuf, the Leafs send forwards Matt Frattin, Casey Bailey, Ryan Rupert and defence prospect Cody Donaghey to the Senators in exchange for defenceman Jared Cowen, forwards Colin Greening, Milan Michalek and Tobias Lindberg as well as Ottawa’s second-round pick in the 2017 NHL Draft.
No salary will be retained by either team over the trade’s entirety.
View the updated Toronto Maple Leafs salary cap
View the updated Ottawa Senators salary cap