Maple Leafs acquire goaltender Matt Murray from Senators

In a trade that had been anticipated for a couple of days now, the Toronto Maple Leafs have acquired goaltender Matt Murray from the Ottawa Senators, both teams announced. Heading to Toronto as well will be a third-round pick in the 2023 NHL Entry Draft and a seventh-round pick in 2024. Ottawa is also retaining 25% of Murray’s salary. In exchange for Murray, Toronto will send “future considerations” to Ottawa. Frank Seravalli of the Daily Faceoff was the first to report that an agreement was in place.

A Murray trade this offseason had almost seemed to be a given, with the question being when and to who. A deal that would send Murray to the Buffalo Sabres appeared to be in place last week until Murray declined via his no-trade clause. The deal now helps to alleviate some of the cap concerns Murray’s contract placed on the Senators, especially in the wake of acquiring Alex DeBrincat from the Chicago Blackhawks who carries a $6.4M cap hit, but will be due at least a $9M qualifying offer after next season, and perhaps more if Ottawa wants to keep the sniper long-term. Not only DeBrincat, but Ottawa has been rumored to be interested in playing the free agent market, and shedding even 75% of Murray’s $6.25M cap hit over the next two seasons will make things easier on Ottawa.

For the Maple Leafs, this acquisition appears to put the Jack Campbell era in Toronto to a close, the team needing a goaltender under tight cap circumstances, absorbing a cap hit just under $4.69M now. Campbell had been rumored to be asking for at least a $5M AAV on his next contract, if not more, over four or five years. With the price seemingly too rich for the Maple Leafs, they opted to go for Murray, who has just two years left on his contract. For now, Murray projects to be the number one goaltender for the Maple Leafs, with Erik Kallgren and Joseph Woll behind him. Given Murray’s injury issues and recent struggles in net, Toronto will either have to rely on Kallgren and Woll as support, or may have to find themselves another goaltender either through trade or free agency.

Murray’s career has come a long way since his impeccable run to back-to-back Stanley Cups with the Pittsburgh Penguins as a rookie. After the Cups, Murray continued to impress in Pittsburgh, compiling a .913 save-percentage and 2.80 goals-against average in 99 games over the proceeding two seasons. But, the goaltender hit a wall in 2019-20, posting a subpar .899 save-percentage and 2.87 goals-against average before being traded to the Senators that offseason. Things, ultimately, got worse in Ottawa, Murray struggling to an .893 save-percentage and 3.38 goals-against average in 2020-21. Ottawa and Murray hoped for a fresh start in 2021-22, but injuries and poor play plagued him. The Senators would place Murray on waivers on November 27th, clearing the next day, and would not call him back up until December 28th. Murray would eventually head back to IR for the final time on March 6th, not playing another game for Ottawa. All told, the goaltender played just 20 games this season, though his numbers did improve slightly, with a .906 save-percentage and 3.05 goals-against average.

For the deal to work for Toronto, they will need Murray to rebound back to the player he was his first few seasons with the Penguins. Then, Murray was a budding star who not only won two Stanley Cups as a rookie, but did so usurping future Hall-of-Famer Marc-Andre Fleury in net. The impressive performance was so great, in fact, that when deciding which goaltender to protect ahead of the Vegas Golden Knights’ 2017 expansion draft, Pittsburgh opted to protect Murray, exposing, and losing, one of the best players in the franchise’s history. Gambling on Murray over Campbell, who represented the Maple Leafs at this year’s All Star Game, could pay dividends for Toronto, who likely saves significantly on contract term by going this route, but in order to do so, Murray will need to return to at least close to the player he was previously.