The Flames will want at least a first-round pick for the defenseman. However, with the current state of the market, where a lot of teams are looking for defensive depth, we could see a bid war between organizations like the Canucks, Red Wings and Lightning.
Hanifin, who could bring a lot to a team with defensive struggles like the Leafs for the playoffs, likely won't end up in Toronto.
The fifth overall pick in 2015 has great defensive skills, and brings a significant offensive contribution. This season, in 53 games, he tallied 29 points, including nine goals.
The Leafs don't have a lot of assets to throw away for a player on the last season of his contract. However, if he comes with a contract extension at a reasonnable price, sending a few picks and players could be an interesting investment for Treliving.