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Leafs Sign Owen Nolan

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Well, the Owen Nolan of a few years ago, really. The Leafs acquired Jeff O'Neill from the Carolina Hurricanes today for a conditional draft pick in 2006. The Canes clear $2.8 million off their payroll in the deal, which not only helps their bottom line, but gives them a little spending cash in this supersized free agent market.

For O'Neill, it's an opportunity to play for his hometown team, and a welcome piece of news for him and his family, especially since his older brother was recently killed in a car crash.