With the signing of Patrick Marleau to a 3-year, $6.25M AAV deal, the Leafs have all but confirmed that they are going to dip into LTIR space this season and deal with the ramifications. In of itself, this is not a huge surprise — to not do so would be to throw away what is effectively millions of dollars of space for the team. However, it is worth noting where the Leafs currently stand with regards to the cap and what potential moves may follow.
As usual, a hearty thank you to CapFriendly, without whom we would all be lost.