Zach Hyman of the Toronto Maple Leafs met with the Edmonton Oilers earlier on Wednesday.
The Leafs are unable to afford Hyman, who is allegedly seeking a long-term contract worth more than $6 million per year.
However, according to Johnston, the Maple Leafs are considering a sign-and-trade for Hyman, which would let the 29-year-old to sign an eight-year contract.
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Expect an official announcement of the deal for both clubs after the trade freeze lifts at 1 p.m. ET on Thursday, with the Leafs receiving a draft pick in return.
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POLL
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