Liles, 32, had two goals and 11 points in 32 games for the Maple Leafs in 2012-13, and his average ice time (18:46) was his lowest in a season since 2009-10. He also appeared in four of Toronto's seven playoff games and averaged less than 16 minutes per contest.
He has two more seasons beyond 2013-14 on his contract with a cap charge of $3.875 million per year. Should Liles clear waivers and report to the Toronto Marlies of the American Hockey League, the Leafs will only receive $925,000 of cap space relief per a stipulation in the most recent Collective Bargaining Agreement. Prior to the new CBA, none of Liles' contract would have counted against Toronto's cap figure if he was in the AHL.