When news broke that Dion Phaneuf would finally be leaving Toronto, the general response from Leaf fans was positive. However in the process of getting rid of Phaneuf, the Leafs lost a top-two defenceman, and walked away from the deal with very little. This article will look at why sending Dion Phaneuf to Ottawa may not have been as good as it seems, how the trade could affect the Leafs.
Last season, Phil Kessel and Dion Phaneuf were Toronto's two biggest commodities. Skip ahead to this year, and neither are left on the team. When Mike Babcock came to Toronto, he said there would be changes, but now with both players gone, what did the Leafs really get back?
When Toronto sent Phil Kessel to Pittsburgh on July 1, the Leafs got a great return, and the future looked optimistic. Toronto received former first-round pick Kasperi Kapanen, as well as a first-round pick in the upcoming NHL draft. The return was perfect for a rebuilding team, but nonetheless, Toronto was immediately weakened by the loss of their leading scorer.

This left a hole as to who Toronto would be sending away at the trade deadline in February, and the focus was shifted to Dion Phaneuf. Phaneuf has been a top-two defenceman for the Leafs since joining the team in 2010, and despite ridicule from fans and not living up to his hype, he has still put up impressive numbers. The return for Phaneuf however, looks disappointing.
For sending away one of your most valued players, you'd expect to get a top prospect or at least a first-round pick in return, right? Apparently Leafs' management disagreed. In return for Phaneuf, the Leafs received Jared Cowen, Colin Greening, Milan Michalek, Tobias Lindberg, and a second round pick in 2017. Simply put, the Leafs got a former highly touted defenceman who never worked out, in Cowen, a forward who will never make a top six spot, in Greening, and a man who's farther past his prime than Adam Sandler, in Michalek.
Colin Greening has 13 points in 41 games in the AHL. If Toronto wanted to bring up mediocre talent from the minors to try and fill voids on their NHL roster, they have players like Frederik Gauthier waiting- they didn't need to trade for another one.
Yes, Phaneuf was overpaid, and his contract seemed impossible to move, so in one way the deal woks out in Toronto's favour. But at the same time, the truth is Toronto just gave up one of their best defenceman for almost nothing. The trade will help the Leafs in their rebuilding process by eventually freeing up space, but unless they're able to free it before the summer, they won't have any more room to go after a big name in free agency. But hey, Jared Cowen's 4 points in 37 games will surely help the struggling Leafs.
Last season, Phil Kessel and Dion Phaneuf were Toronto's two biggest commodities. Skip ahead to this year, and neither are left on the team. When Mike Babcock came to Toronto, he said there would be changes, but now with both players gone, what did the Leafs really get back?

This left a hole as to who Toronto would be sending away at the trade deadline in February, and the focus was shifted to Dion Phaneuf. Phaneuf has been a top-two defenceman for the Leafs since joining the team in 2010, and despite ridicule from fans and not living up to his hype, he has still put up impressive numbers. The return for Phaneuf however, looks disappointing.
For sending away one of your most valued players, you'd expect to get a top prospect or at least a first-round pick in return, right? Apparently Leafs' management disagreed. In return for Phaneuf, the Leafs received Jared Cowen, Colin Greening, Milan Michalek, Tobias Lindberg, and a second round pick in 2017. Simply put, the Leafs got a former highly touted defenceman who never worked out, in Cowen, a forward who will never make a top six spot, in Greening, and a man who's farther past his prime than Adam Sandler, in Michalek.
Jared Cowen was drafted by Ottawa 9th overall in 2009, and after winning a Memorial Cup in Spokane, Cowen looked to have a bright career ahead of him. Since then, he's stuck out like a sore thumb on Ottawa's defence core, becoming the perfect mix of unproductive and unreliable.
Colin Greening has 13 points in 41 games in the AHL. If Toronto wanted to bring up mediocre talent from the minors to try and fill voids on their NHL roster, they have players like Frederik Gauthier waiting- they didn't need to trade for another one.
Since having a career year in 2011-12, Michalek has struggled with Ottawa, posting 10 points in 32 games this season. Michalek's play is only deteriorating, and he's less than ideal for a young, rebuilding Leafs team.
The two pieces to this deal that are somewhat hopeful for Toronto are Tobias Lindberg and the 2nd round pick. Lindberg had 78 points in 67 games with Oshawa last season, and has been productive with Binghamton in his first AHL season. Drafted in the 4th round of the 2013 NHL draft, Lindberg shows promise, and may end up on the Leafs within the next couple years. The second round pick is another chance for the Leafs to try and grab young talent, but keep in mind that Toronto hasn't had a second round pick play more than one game with the team since Nikolia Kulemin who was drafted way back in 2006.
Another problem in this deal is the cap space. Initially moving $7M out of your cap space looks great. However Toronto has actually gained back that cap space and more with the three players they acquired from Ottawa. Jared Cowen is signed for two more years at $3.1M per season and will then become a restricted free agent, Michalek has two years left on his contract with a $4M cap hit, bringing the total right back up to $7.1M. This isn't even counting if Colin Greening is brought up to the NHL, which would take an additional $2.7M out of Toronto's cap space. Since Phaneuf was the only player on the Leafs' main roster traded, they won't gain any more cap space. It's easy to think that Michalek will be dealt fairly quickly to free up $4M of cap space, but as of now, Toronto will have no more space than when they began.
Yes, Phaneuf was overpaid, and his contract seemed impossible to move, so in one way the deal woks out in Toronto's favour. But at the same time, the truth is Toronto just gave up one of their best defenceman for almost nothing. The trade will help the Leafs in their rebuilding process by eventually freeing up space, but unless they're able to free it before the summer, they won't have any more room to go after a big name in free agency. But hey, Jared Cowen's 4 points in 37 games will surely help the struggling Leafs.





