Darren Dreger is reporting murmurs of offer sheet speculation on Cody Franson (for more details about the current holdout, see this earlier article).

Here is the relevant list of offer sheet compensation:

$1,110,249No Compensation
$1,110,249 to $1,682,194 3rd round pick
1,682,194 to $3,364,391 2nd round pick
$3,364,391 to $5,046,585 1st round pick, 3rd round pick

It goes without saying the Leafs should definitely match anything below the $3,364,391 threshold. If a team submits something just below that threshold the Leafs would have to bury a contract or something, because losing Franson for a 2nd round pick is terrible value.

Anthony Petrielli has put together a list of teams with $3.3 million or more in cap space.

Carolina might be one to look out for. They recently lost Joni Pitkanen for the season to a heel injury and are looking rail thin on defence. Carolina might be clever to throw something just below the $3,364,391 mark at Franson and apply the heat on the Leafs. Hopefully that doesn’t happen.

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