Whilst i think that TOR might be trying to use ther Kipper angle to get the Luongo asking price down, i think if it doesn't work they will settle for Kipper. Not sure what the price will be but at this point anything could be useful.
Kipper is actually better for them than Luongo. TOR have done okay with their two young goalies and only really need a vet to help them either to reach the the playoffs or to take over should their current tandem wilt under the playoff pressure. Having a goalie come in with 9 years left on his contract isn't going to help but could do the opposite, make them think they are down the pecking order after all of the hard work they have done. Their current tandem should be their future not Luongo with too many years left to be useful.
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