Don't expect a quick resolution to the grievance between the Toronto Maple Leafs and defenseman Jared Cowen, as a decision likely won't come until mid-to-late November, reports TSN's Bob McKenzie.
The Maple Leafs attempted to buy out the remainder of Cowen's contract - one year, worth $3.1-million - however, Cowen's camp claims a hip injury prevents such a move.
The dispute currently sits before an arbitrator.
Should the arbitrator rule in favor of the Maple Leafs, the team would be free of Cowen's contract and would absorb a $750,000 cap hit for two seasons. However, should Cowen win, the Maple Leafs would be on the hook for $4.5 million. Toronto could place Cowen on the long-term injured reserve at that point.
The Maple Leafs acquired Cowen last season in the deal that sent former captain Dion Phaneuf to the Ottawa Senators. Cowen, 25, appeared in 37 games with the Senators last season, scoring four points.
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