Montreal Canadiens - Fire Sale

Toronto is third in the League in GAA, and second in the Eastern Conference behind only League-leading Carolina. Why would they want to swap Holl for a rapidly declining Jeff Petry? Not to mention giving up two firsts for the privilege.

Because Petry was getting better and better every year, and declined this year while playing through injuries. Because Holl has been crap this year as well, and Toronto has a hole at 2RD, one that Petry easily fills. Because a 2nd, 3rd, plus a 4th also have more total value than a 1st, and Leafs are missing 4 picks this year, and only drafted 3 players last year. Because $3.125M for Petry is an absolute steal.

Sorry Leafs aren't trading three NHLer....Mrzarek, Holl and Mikheyev and two firsts, for the now really declining Petry...who isn't better than Holl and now the unsteady Koskinen. It's subjective but Petry hardly looks like good value this year at 3.125m and the next two years.
And Edmonton certainly doesn't make that trade with Montreal just to obtain Jake Allen. FYI, Price hasn't played this season and may never will again this season (maybe never), so it hardly helps the Oilers in net.

You are absolutely right. Toronto and Edmonton is more likely to continue wasting McDavid, Draisaitl, Matthews, Marner, Nylander, Tavares.

Otherwise your breakdown of the trade is very "Leaf fan". Thanks

The Blues have no cap and even less use for that.