Report: Bryan McCabe to waive no-trade clause with Maple Leafs

Bryan McCabe could be on his way out of Toronto, but don’t expect anything to happen until at least Sept. 1.

Several media outlets are reporting McCabe is ready to waive his no-movement clause to allow the Leafs to trade the defenseman. The Toronto Sun is reporting the Florida Panthers, Philadelphia Flyers, Boston Bruins, New York Islanders, Tampa Bay Lightning and New York Rangers among the teams interested in acquiring McCabe, though the Rangers might not be able to “because they’ve already signed everybody.”

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McCabe gets a $2 million signing bonus from Toronto Sept. 1, so teams won’t want to be on the hook for it and won’t seek a trade until after that date has passed.

McCabe has a cap hit of $5.75 million for each of the next three seasons. The Panthers are reportedly the most keen to acquire McCabe as they are having trouble signing Jay Bouwmeester for the long term.