TOR declines. Kerfoot is in almost 60 point pace this year compared to Pearson's 40, and he can play C. It's a clear L for the Leafs.

Given that Severson has expressed his interest to re-sign with Devils I don't think he'll be included in negotiations. I'd argue Zacha plus two seconds for Boeser and DiPietro is a more fair deal, maybe NJ adds someone like Walsh to the exchange so VAN gets themselves at least a RHD prospect.

Cap wise you don't really need to move Ferland's contract anywhere, and it's not possible to move players bonuses to be paid elsewhere.

DAL declines too. We have no use for another overpaid bottom-6 forward. I like the guy, but with Faksa and Glendening in here Dickinson is just wasted $2,5M+. Tufte is at least cost controlled and his impact to the game isn't far off from what Dickinson brings.

An older, not as good, less versatile player with more term? There is literally no reason for Toronto to do that

If they get pushed around in the playoffs and bounced again, they may. Pearson plays a heavy playoff game and is underrated. The Canucks could probably afford to retain a bit as well. Pearson at 2.75 for two playoffs runs will interest contenders.

Still don't see how that value is anywhere near fair. Kerfoot is producing at a better pace and is really just a level above Pearson. Maybe if some assets are added the trade could go through, but Pearsons not really the guy Toronto needs.