The first trade of draft day happens a few hours before the draft actually starts with the Colorado Avalanche sending defenseman John-Michael Liles to the Toronto Maple Leafs for a 2nd round pick, a pick they obtained from the Boston Bruins in the Tomas Kaberle trade. Liles has played 7 NHL seasons, all of them with the Colorado Avalanche. In those 7 seasons, Liles recorded 275 points in 523 games with the Avalanche.
Liles is bringing a cap hit of $4.2 million, according to CapGeek.com, for his final year to the Maple Leafs which still gives them $17.5 million in cap space with 17 players signed. The Avalanche on the other hand rid themselves of some more salary and now sit with a ton of cap space with 13 players signed.