Maple Leafs acquire Blues' Ryan O'Reilly in three-team blockbuster trade

The Toronto Maple Leafs, St. Louis Blues and Minnesota Wild have completed a three-team, blockbuster trade.

In the deal, Toronto has acquired Blues captain Ryan O’Reilly, veteran forward Noel Acciari and prospect Josh Pillar. St. Louis has received Mikhail Abramov, Adam Gaudette, Toronto’s 2023 first-round pick, Ottawa’s 2023 third-round pick and Toronto’s 2024 second-round pick. Minnesota received Toronto’s fourth-round pick in 2025.

As part of the deal, St. Louis will retain 50% of O’Reilly’s salary, while Minnesota will retain 25% of the cap hit. Both O’Reilly and Acciari are set to hit unrestricted free agency at year’s end.

It goes without saying that this is an extremely significant trade, and one that represents a major push from Toronto to try to finally get the franchise past the first round of the NHL playoffs. The Maple Leafs will, in all likelihood, once again be playing the Tampa Bay Lightning in the first round, assuming there are no major changes in the standings.

The Lightning have won the Eastern Conference for three straight seasons, so for the Leafs to really gear themselves up for that expected first-round matchup, they would need to increase their firepower from their already talent-rich position.

Now, after this trade, Toronto boasts Auston Matthews, John Tavares and O’Reilly as the team’s top-three centers. Most would be hard-pressed to find another team in the NHL that can boast such a strong trio of pivots.

It’s true that O’Reilly’s offense is down from the rate at which he normally.

He’s got just 12 goals and 19 points in 40 games this season, which is just two points more than current Maple Leafs third-line center David Kampf.

But O’Reilly isn’t being acquired for what he’ll bring to Toronto’s scoring attack; the team already scores goals in bunches.

He’s been acquired by Toronto because he brings exactly what many have felt the Maple Leafs have lacked in recent years: competitive fire, the ability to rise in the biggest moments and a competitive tenacity that helps him carry his squad over the line where others might falter.

O’Reilly’s exploits in the Blues’ 2019 Stanley Cup championship run are the stuff of legend. O’Reilly captured the Conn Smythe Trophy scoring 23 points in 26 games, as well as playing absolutely stellar defense that often left the line he was matched up against suffocated and unable to build offensive momentum. Overall, he has 56 points in his 64-game playoff career, a higher career playoff point-per-game scoring rate than Matthews, Tavares, Mitch Marner and William Nylander, despite the fact that those players are normally considered to be in a different stratosphere of offensive talent.

With O’Reilly in tow, head coach Sheldon Keefe will be able to build a shutdown line that he can match with the deadliest scoring lines he faces in the playoffs. While the Maple Leafs have had competent defensive centers in the past, none boast the type of resume O’Reilly has built, especially in the unique environment of the playoffs.

He’s also a highly regarded leader and someone whose locker room presence has played a major role in a Stanley Cup victory and in last season’s playoffs, where O’Reilly’s Blues were one of the few teams who truly gave the eventual champions, the Colorado Avalanche, a run for their money.

There are some who would hope that the Maple Leafs might acquire a defenseman, or maybe a forward with some more points than O’Reilly has compiled this season. But when looking at the problems that have plagued Toronto in prior years, the demons they have wrestled with, it’s hard to say there is anyone available on the trade market who would be better fit to help the team than O’Reilly.

Dubas recognized that fact and pulled the trigger on a trade. With his first-round pick gone and multiple other valuable picks sent to St. Louis, it’s definitely a steep price for a player who will in all likelihood end up being just a rental. But at this point in where Toronto is as a team, that cost shouldn’t be anything to worry about.

There needs to be a long playoff run in Toronto this spring. It feels like if the team endures another disappointing first-round exit, the major changes many have clamored for after prior disappointments might finally come. With this trade, Dubas has played the best cards in his hand in order to try to make sure that day never comes.

Beyond just O’Reilly, Toronto has also acquired Acciari, a well-respected, versatile bottom-six forward. The 31-year-old has scored 10 goals and 18 points this season, and can play both center and on the wings. While he doesn’t bring the scoring pedigree or star value that comes with O’Reilly, Acciari has 54 games of playoff experience and has been to a Stanley Cup final.

He’ll undoubtedly be an upgrade for Toronto’s bottom six and helps with their overall goal of adding character players with playoff experience.

They also acquire prospect Josh Pillar, who currently plays for the Saskatoon Blades of the WHL. He’s a 21-year-old winger who was a fourth-rounder of the Wild at the 2021 draft. He’s scored decently well in the WHL and just returned from injury. He plays a polished game, but his ultimate professional upside remains unclear.

Per CapFriendly, the Maple Leafs will have exclusive rights to sign Pillar to his entry-level deal until June 1.

From St. Louis’ point of view, this deal might be a tough pill to swallow, but it’s ultimately a positive move for the team. Sure, it always hurts to lose a captain, and especially so if that player was a crucial part of the franchise’s first-ever Stanley Cup championship. But looking at this trade with the emotion of losing O’Reilly aside, this is a deal that should leave Blues fans satisfied.

Firstly, they landed another top draft pick for this upcoming NHL draft, adding another premier selection in a class that has drawn rave reviews from scouts. Added with the first-rounder they got from the New York Rangers in the Vladimir Tarasenko deal, and this is shaping up to be quite the draft for the Blues.

In addition, the reality of the Blues’ season and O’Reilly’s contract status makes this a move that the Blues simply had to make. The team has spent significant dollars locking up Jordan Kyrou and Robert Thomas recently, and sinking significant cap space into O’Reilly for the rest of what is shaping up to be a lost season (and a few years beyond) simply wouldn’t make sense, especially at the opportunity cost of adding the sort of draft pick haul they received tonight.

If adding Acciari helped GM Doug Armstrong coax the best possible package of picks from the Maple Leafs in this deal, then that’s fine. Acciari likely could have been traded on his own, but adding him into this deal is a fine choice if it helped the Blues add that 2024 second-rounder.

In addition to the bounty of draft choices they received, the Blues also got Abramov, who is a 21-year-old 2019 fourth-rounder. He has scored 16 points in 34 AHL games this year and is someone for the team to plug into their AHL affiliate in Springfield to see what their development staff can do with his offensive skill.

They also received the 2017-18 Hobey Baker award winner, Gaudette, who has been a top scorer for the Toronto Marlies this season. With 34 points in 40 AHL games, he could either serve as an experienced depth NHLer to help fill a spot on St. Louis’ roster (he does have experience playing center) or could help Springfield as they look to have another long playoff run similar to how they played last year when they went to the Calder Cup final.

For Minnesota, this is a tidy, if a relatively insignificant bit of business for the team. The Wild's trade of Pillar indicates that they likely were going to let his rights lapse in the summer anyway, so for their relatively minor retention on O’Reilly, they net a mid-round draft pick.

While much as been made of the Wild’s precarious cap position, they do actually have some room to maneuver this year. Turning some of that vacant space into a mid-round draft pick is nothing to complain about.

Overall, this is a trade that has the potential to serve as a significant moment for both the Maple Leafs and Blues franchises. For the Leafs, they add a player whose resume seems almost perfectly tailored to address the problems that have ailed them in the playoff runs of the past. For the Blues, they turn an expiring asset into a multitude of draft picks that could potentially help re-ignite a franchise that has declined since their Stanley Cup victory.

If the Maple Leafs don’t end up winning the Stanley Cup or even getting out of the first round, it will be easy to look back at this deal and criticize their management for paying so many draft picks for rental players.

But ultimately, this move is simply a team hungry for some playoff success adding one of the most accomplished playoff performers on the market. Even if it doesn’t end up working out as the involved teams hope, this is a difficult trade to criticize.