With nothing to do but speculate, let's think out loud here. The rumblings are that Callahan may be involved in a trade, which I still think is highly unlikely considering how Tortorella feels about him. However, if Callahan is included in some trade, I would almost guarantee it would be a three way deal. Provided the Rangers are still willing to deal with the Flames, that is the first team and the Maple Leafs would now be a second to enter the picture.
Brian Burke was extremely active yesterday and he is now in a need for forwards and given his friendship with Glen Sather, a deal between the two teams is likely. As I said, this is entirely speculation, but the basics of a 3-way deal would probably be as follows:
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