The Toronto Maple Leafs have traded Mitch Marner to the Vegas Golden Knights in exchange for Nicolas Roy. Marner has reportedly signed an eight-year, $96 million contract with the Golden Knights, with an average annual value (AAV) of $12 million.

Toronto Maple Leafs: C+

The Maple Leafs were in a difficult position, as Marner, with his full no-movement clause, controlled his destiny. With Marner likely heading to unrestricted free agency, where Toronto risked losing him for nothing, General Manager Brad Treliving managed to salvage a return. Getting something for Marner is a win. Nicolas Roy is a solid, versatile player who can contribute on the bottom lines, play in the middle of the ice, and contribute defensively, including on the penalty kill. Roy, 28, had 15 goals and 16 assists in 71 games last season. He has one year left on his contract with a cap hit of $3 million.

However, the return is underwhelming considering Marner's elite skill and production. Some reports suggest the Maple Leafs had previously considered trading Marner for Mikko Rantanen, a deal Marner reportedly nixed. Losing a homegrown talent who has been a point-per-game player throughout his career is a tough pill to swallow for Leafs fans. Marner ranks among the top players in franchise history in assists and points. The trade signals a significant shift in the Maple Leafs' core, with Treliving aiming to change the team's DNA. The acquisition of Roy aligns with Treliving's vision of building a tougher, more defensively responsible team.

Vegas Golden Knights: A

The Golden Knights have once again demonstrated their aggressive approach to team building by acquiring one of the league's premier talents. By executing a sign-and-trade, Vegas avoided a potential bidding war in free agency and secured Marner's services at a reasonable $12 million AAV. Marner, coming off a career-best 102-point season, will provide a significant boost to the Golden Knights' offense. His playmaking ability and two-way game make him an ideal fit for Vegas.

To accommodate Marner's contract, veteran defenseman Alex Pietrangelo is stepping away from hockey due to a hip injury that requires surgery, and will likely be placed on long-term injured reserve. This move frees up the necessary cap space for the Golden Knights to add Marner without creating a significant cap crunch. Marner's arrival solidifies the Golden Knights as a top contender in the Western Conference and increases their chances of competing for another Stanley Cup.

Mitch Marner's departure marks the end of an era in Toronto. While his regular-season brilliance was undeniable, the Maple Leafs core, including Marner, struggled to achieve consistent playoff success. The trade represents a strategic gamble for both teams. The Maple Leafs are hoping that the addition of Nicolas Roy and other complementary pieces will create a more balanced and resilient team. The Golden Knights are betting that Marner's elite skill set will translate to postseason success and propel them to another championship. Only time will tell which team ultimately benefits the most from this blockbuster trade.