From the press box to the top defensive pairing, Cody Franson has come a long way in his four seasons as a Maple Leaf. Now in the final year of his contract the Leafs have to decide whether he's a key piece for their future or whether he's expendable.

For a while it looked like Franson was merely a bottom-pairing defenceman with a good shot capable of racking up points on the power play. Now Franson has become the Leafs best possession defenceman while playing alongside Dion Phaneuf on the top pair. When Franson takes the ice the Leafs gain a shot advantage they haven't enjoyed in years; the team controls 50.1% of all shot attempts with Franson, and fall back to their customary shelled selves when he takes a breather.

On the day of the Winter Classic the Leafs made a trade, consummating the oft-talked about John-Michael Liles for Tim Gleason swap with the Carolina Hurricanes.

The deal is a lateral move, both teams dealing overpriced defenders with two additional years on their contracts, but one in which the two players might provide better results with a change of scenery.

Welcome back to the NHL, Wade Redden.

One of the concessions the league made to the players in its latest proposal was accepting a one-time compliance buyout prior to the 2013-14 season. The buyout will not count against a team’s salary cap, meaning teams like the Rangers can finally rid themselves of ugly contracts like Redden’s. (Note: The buyout will still count against the players’ share, which might be an issue for the union).

The Leafs are actually in a fairly envious position; only two players are signed beyond four years—Mikhail Grabovski, their best two-way forward, and James van Riemsdyk, who is only 23.

Unlike in Anaheim, Brian Burke has done a good job creating cap flexibility. The bad deals, like Tim Connolly and Matthew Lombardi, are both done after this season.

The roster isn't without its fixable mistakes, however. The two players who are most frequently cited as buyout candidates are Mike Komisarek and John-Michael Liles.

If there's a silver-lining to Jake Gadiner's "concussion", it's that the Leafs are getting a better look at Paul Ranger.

Gardiner left a game on December 8 against Rochester after receiving a blindside hit from Kevin Porter, who was penalized for the hit, and hasn't played since.

When the Maple Leafs re-signed John-Michael Liles, the prevailing thought was that Mikhail Grabovski was about to become a cap casualty. Liles took less than $4 million to stay in Toronto, putting next year's cap space at slightly over $11 million. The problem was that Keith Aulie, Cody Franson, and Nikolai Kulemin become restricted free agents in line for raises, and Jonas Gustavsson becomes an unrestricted free agent.

Grabovski will likely make close to $5 million, so to keep Grabovski in the fold the Leafs need some creative cap management, especially if they hope to make other improvements to the squad.

Because of the shrinking cap space and Grabovski's soon-to-be free agent status, his name has inevitably popped up in trade rumours. And unless there's some unlikely fantasy scenario where Ryan Getzlaf comes back the other way, in no way does a Grabovski deal help the Leafs.

Within the past calendar year, Tomas Kaberle has played for four teams and six coaches. After leaving Toronto, he was generally pretty ineffective in Boston, failing to ignite their powerplay. But he still managed to help the Bruins win a Stanley Cup (however inconsequential his contribution may have been). This season he continued his disappointing play in Carolina before finding himself in Montreal. It has been as rough as any year highlighted by a championship ring could be.

There has definitely been no seller’s regret in Toronto.

Kaberle’s replacement in Toronto, John-Michael Liles, a player who in a way was a part of the initial trade with Boston (the conditional second rounder Boston sent the Leafs was shipped to Colorado for Liles) has integrated into the Leafs lineup and filled the role vacated by Kaberle seamlessly.

Liles forms the first defensive pairing on the Leafs’ powerplay and has helped ignite a once dormant unit that was 22nd in the league last season. With Liles quarterbacking the man-advantage, Toronto sits 3rd in league, helping propel the Leafs to a top-10 offense.

Liles has 21 points on the year, which before sustaining a concussion was one more than Phaneuf, and has accumulated 10 of those on the powerplay. He was advertised as a Kaberle-lite when the Leafs acquired him, but considering the way Kaberle has played recently you wonder who the knockoff really is.

As a bonus, the Indianapolis native has provided a steady influence on the back-end, playing a pretty solid game and rarely showing the defensive deficiencies that Kaberle frequently did during his later “I don’t give a shit” years.

But these positives mean the Leafs have a dilemma.

Today we have a guest post from my good friend Ted Rigby, who has previously lent his knowledge of all things moustachioed. We also intended to write together for the ill-fated John Olerud's Helmet, a baseball blog that died a fiery death.

Here is an introduction to the Leafs' newest acquisitions.