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Maple Leafs Trade Ryan Reaves to Sharks for Henry Thrun

Toronto bolsters its blue line with a 24-year-old defenseman under a two-year, $2 million contract

Feb 28, 2025; New York, New York, USA; Toronto Maple Leafs right wing Ryan Reaves (75) controls the puck in the second period against the New York Rangers at Madison Square Garden. Mandatory Credit: Wendell Cruz-Imagn Images/File Photo
Edmonton Oilers left wing Zach Hyman (18) dives after the puck next to San Jose Sharks defenseman Henry Thrun (3) during the second period of an NHL hockey game Thursday, April 3, 2025, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez)
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Overview

  • The Toronto Maple Leafs acquired defenseman Henry Thrun from the San Jose Sharks in exchange for veteran forward Ryan Reaves.
  • Thrun is entering the final year of his two-year, $2 million deal and will become a restricted free agent with arbitration rights next summer.
  • Reaves joins San Jose for the last season of his three-year, $4.05 million contract carrying a $1.35 million cap hit.
  • The swap boosts Toronto’s cap room by roughly $350,000 and grants the Sharks more than $23 million in salary‐cap flexibility.
  • Thrun arrives in Toronto to compete for a bottom-pair role, while San Jose adds Reaves’s physical presence to its forward group ahead of training camp.