Sportsnet’s Nick Kypreos has learned that the Toronto Maple Leafs and the Florida Panthers have a deal in principle to trade defenceman Bryan McCabe.
Sources say that as part of the deal, the Leafs would get Panthers defenceman Mike Van Ryn.
A delay in the announcement is linked to the Leafs willingness to pick up a $2 million bonus McCabe is due on September 1st. After the payment is made only then will the transaction be accepted by the NHL.
Van Ryn, who played 20 games last season with two assists, has $6.7 million remaining on a two-year deal.
The 33-year old McCabe has struggled with the Leafs ever since signing a five-year, $28.75 million deal in June, 2006.