Trade: Clarkson contract back to Toronto; Vegas opens up space

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Nostalgia is in the air, as “The Lion King” remake is in theaters, so maybe it’s time to cue “The Circle of Life.”

In a peculiar bit of salary cap management, David Clarkson – er, David Clarkson’s contract – and the Toronto Maple Leafs are back together again. While Garret Sparks goes to the Vegas Golden Knights, the Maple Leafs receive a fourth-round pick for their troubles.

Maple Leafs get: Clarkson’s contract ($5.25M for one more season), Vegas 2020 fourth-round pick.

Golden Knights receive: Cap relief even though they were going to send Clarkson to LTIR; a decent goalie consideration with Garret Sparks.

This is all about cap and asset management for both teams.

Clarkson was headed to LTIR whether his contract stayed in Vegas or matriculated to Toronto, and now his deal can be neighbors with Nathan Horton after they were exchanged. The Maple Leafs still have some work to do, naturally, as they need to fit Mitch Marner into the mix. The numbers might melt your brain a bit.

The Golden Knights still need to sort out their own issues with Nikita Gusev lingering as a fascinating RFA, and that resolution hasn’t come yet. In the meantime, or maybe instead, the Golden Knights took advantage of extra wiggle room to bring back veteran (and Vegas-loving) defenseman Deryk Engelland for a cheap deal.

Depth goaltending also buzzed around these moves.

Again, Sparks represents an interesting consideration for Vegas, as Malcolm Subban hasn’t been an unqualified solution as Marc-Andre Fleury‘s backup. Perhaps Sparks would end up prevailing after both of their contracts expire following the 2019-20 season?

Meanwhile, the Maple Leafs opened up room for a depth option as well, as they confirmed that Michal Neuvirth has been invited to training camp on a PTO.

[ProHockeyTalk’s 2019 NHL free agency tracker]

It kind of makes you want to dig up that Charlie Kelly mailroom conspiracy board to try to cover all the ins and outs, but the bigger picture takeaway is that the Maple Leafs and Golden Knights continue to work on their cap conundrums, and this trade was really just another step in the process.

At least it was a pretty odd and funny step, though.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.