Once again it looks like the Vancouver Canucks' trash is the Toronto Maple Leafs' treasure. Last year the Leafs snagged Mason Raymond on a bargain deal and this year Dave Nonis went to his old team to pluck the freshly bought-out David Booth on a one-year deal worth $1.1 million.

Raymond was highly motivated in his stint in Toronto after being tossed aside by the Canucks, producing 45 points for a measly $1 million. Raymond's 19 goals as a Leaf was his best output since scoring 25 in 2009-10. The hope with Booth is that he can reclaim some of the form that saw him net 31 goals with the Panthers way back in 2008-09.

The Boston Red Sox ended an 86-year World Series drought after hiring a 28-year-old executive named Theo Epstein, and after the Maple Leafs hired 28-year-old Kyle Dubas as assistant GM on Tuesday there is hope a similar miracle might work in Toronto.

By Tuesday night, GMs had spent nearly $500 million on UFAs. As always, a ton of that money was spent recklessly and was used to sign future buyouts. Amidst the chaos there were some reasonable deals and some outright steals.

Here's a recap of some of the worst and best contracts handed out on the first day of free agency.