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. 

For more information on this trade, please check out our Colorado Avalanche site, Mile High Hockey, and our Toronto Maple Leafs site, Pension Plan Puppets.