The Maple Leafs and Blue Jackets are working through a trade framework centered on Kirill Marchenko, but the deal is still not finished.
Pierre LeBrun reported that the discussions include multiple pieces, with Matthew Knies part of the conversation. That detail raises the stakes for Toronto, since Knies would represent more than just a future asset in a package for Marchenko. The rest of the return has not been identified, which leaves the full shape of the proposal unclear.
Elliotte Friedman first reported Monday that Toronto and Columbus were deep in trade talks involving Marchenko. After that, LeBrun added that Marchenko’s agent, Dan Milstein, had permission to speak with the Maple Leafs about a contract extension. Chris Johnston later reported that no extension had been reached, and those talks were expected to continue this afternoon.
LeBrun wrote: “The proposed Leafs-Blue Jackets trade involves multiple pieces, including Knies and Marchenko, and it's not a done deal yet. Both teams still working through things. Plus Leafs negotiating with Marchenko's agent Dan Milstein.”
The extension piece matters for Toronto’s side of the equation. Before parting with Knies and other assets, the Leafs would want clarity on whether Marchenko can be kept beyond his current deal and what that would require. Columbus, meanwhile, has to decide whether the overall package is enough to justify moving the winger.
For now, the talks are advanced enough to involve named players and direct contact with Marchenko’s agent, but nothing has been finalized. The terms can still shift as the negotiations continue.
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For Columbus, the timing matters because any move involving Marchenko would have to bring back help that actually fits the long-term picture, not just another body. The broader market has been moving in fits and starts, too, with Carolina's talks on defenseman Alexander Nikishin falling apart over contract issues and Edmonton still looking for a right-shot center, which only adds to the sense that one deal elsewhere could trigger a bigger ripple on the Jackets' side. [Read more 🡒]
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What makes this especially delicate for Columbus is that the deal hinges on one important layer beyond the player movement itself. The two teams are still working through the final terms, and the conversation has moved to whether the key forward involved would be willing to lock in a long-term commitment before anything is completed. Until that part is settled, the Blue Jackets are left weighing a gamble that could meaningfully alter their roster in one swing. [Read more 🡒]
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Don Waddell has not hidden the fact that other teams are asking about Kirill Marchenko, and that alone says plenty about where this has gone. The Blue Jackets winger remains disgruntled, but Columbus is also trying to keep its competitive footing, which makes this a tricky spot for a front office that cannot simply treat him like a long-term futures piece.
Waddells preference is for a hockey trade, the kind that brings immediate help back instead of a package built around picks or prospects. That stance makes sense if Columbus still sees Marchenko as someone who can help right away, but it also narrows the market at a time when the Jackets are trying to balance present needs with a tense situation that is not going away on its own. [Read more 🡒]
