Heads have yet to roll in Toronto after another monumental collapse, but Tim Leiweke is about to make the first major change, hiring Brendan Shanahan as president.

Damien Cox of the Toronto Star broke the news, and while he didn't report the exact details of Shanahan's role, explained that it will extend beyond over-seeing general manager Dave Nonis and the hockey department.

The Leafs have signed 2013 third-round draft pick Carter Verhaeghe to a three-year entry-level contract. Verhaeghe will report to the Marlies and join the team for the remainder of the season on an amateur tryout contract.

Verhaeghe improved considerably this past season, exploding for 82 points in 65 games, nearly twice as much as he scored as a 17-year-old. He finished the season ranked 21st in OHL scoring, well behind the 128 points of another Leafs prospect, Connor Brown.