SEATTLE — John Chayka was busy this summer. The Toronto Maple Leafs GM was reshaping a club that had missed the playoffs for the first time in nine years. Landing some of the bigger names was going to command a ticket with some years attached. But what was a bit surprising was how many depth players were signed to multi-year deals. Outside of Vinnie Lettieri, Bo Groulx and Dakota Mermis, no other Maple Leaf is on an expiring deal who has played a game this season.

This really did not matter until Chayka made one of his biggest swings just before the season began. That’s when he traded Matthew Knies to the Columbus Blue Jackets and acquired Kirill Marchenko. But signing Marcheno and extending him was going to be a challenge.

The Leafs were up against a permitted threshold where you are only allowed to be at 10 percent above the existing salary cap in future years. ‘Tagging’ as it’s known in the NHL's collective bargaining agreement, pertains to the amount of room a club has to add to its future-year commitments. It prevents teams from overloading contracts in future years so that they don’t get stuck in a situation where they are unable to become salary cap compliant in the following year. That number right now is $114.4 million and that includes all of your signed standard player contracts on one-way deals, buyouts, retention and pro-rated two-way deals that extend into the next season.

Getting rid of Knies’ $7.75 million cap hit for Marchenko’s $3.85 million cap hit in 2026-27 had short-term savings, but that $12.5 million AAV extension Marchenko inked that begins in 2027-28 carried a $4.75 million increase on what Knies occupied, complicating the deal from a central registry standpoint. That’s why the Leafs took on the injured Elvis Merzlikins and his $4.428 million cap hit (even though he’s on long-term injured reserve) because it expires this year. It’s also why the Leafs had to part with young defenseman Emil Andrae, who was acquired by Toronto earlier in the summer and signed to a two-year deal with an AAV of $1.55 million (although they absorbed a higher cap hit in Miles Wood based on Columbus’ ask). 

Based on all the calculations, they currently only have approximately $625K in tagging room left, which means any player who is projected to make more than that at the NHL level and isn’t on a one-way deal can’t be squeezed onto the Leafs active roster without some sort of corresponding move to remove the commitment.

That’s where not being able to call up Ben Danford comes into the equation.

Because Danford is on an entry-level contract (which is two-way), the Leafs can’t call him up right now if they wanted to because his $936,056 AAV in 2027-28 exceeds Toronto’s tagging room of $625k. It doesn’t sound like the Leafs have the desire to call him up right now anyway, but the reality is they can’t.

And if the Leafs do want to make another big swing elsewhere, they’d have to find a way to get rid of players with a financial commitment through 2027-28 to get it done.

The Leafs signed a bunch of depth forwards to two and three-year deals on July 1, eating away at their tagging room. They have the least amount of it off any NHL franchise as a result. It didn’t really become a problem until they acquired Marchenko and now it might be an issue again if the Leafs want to call up a Danford or make another bigger swing with term at the deadline.

Otherwise, they may have to settle on rental players as a means of clearing out the tagging room.

It’s not clear why this happened. But one thing is interesting to point out. This was really the first time NHL GMs had three years’ worth of projections to work with. The NHL never used to give those kinds of numbers out. But they wanted to flex the growth of the business and when you know you have $113.5 million projected for 2027-28  more than one year out, it’s kind of understandable to see how tagging may have been missed. 

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