Going to be honest, I don't know how the Isles value Romanov and I don't know how willing they are to move him. The Isles are super locked up long term to a bunch of players and getting a chance to try out an expiring Bertuzzi and a different type of dman like McCabe while also getting out of the other 2 years on Pageau's deal and giving themselves some flexibility. The Isles have something like 79 million locked up in 2 goalies, 5 D, and 8 forwards or something like that. They have no wiggle room to change up what is currently a non-playoff team. Bertuzzi I think would be a good fit and maybe Roy can bring out the better parts of him.

The Leafs on the other hand need a 3C pretty desperately and Pageau gives them a solution for now and the next couple years. Stylistically, he even fits as the center for the Tavares line if that becomes the 3rd line next season.

Isles decline.

Romanov >> McCabe
Pageau >> Bertuzzi

Why would the Leafs, who are looking to upgrade their back end, trade their best defensive D man? No value in this trade for TOR at all. Take McCabe out and put Liljegren there and you got something.