It’s not too early to talk about trades in the NHL, as Jake Muzzin (acquired in late January) and Jack Campbell (acquired in early February) can attest. And it’s already started up, with the standard line on the Leafs being: they haven’t got the assets or cap space to make moves, they’ll stand pat on what they have.
Stand Pat Theory
It is entirely possible that Kyle Dubas does nothing between now and the deadline. That very conservative approach could be exactly what the Leafs want to do rather than a position the salary cap is forcing them into.