The future of the Borgens, who have been playing in the NHL since 1996, is uncertain.
The New York Rangers and Tampa Bay Lightning are working to complete a trade that would bring forward goalie Anders Nilsson to the AHL and forward Eric Staal to the NHL, according to a league source.
The Lightning are looking to move forward with forward Brendan Smith, who has an option to become an unrestricted free agent, according, sources told Sportsnet.
Smith, 29, was named the American Hockey League’s Most Valuable Player for the 2014-15 season after posting a 1.78 goals-against average and .929 save percentage.
He was one of two Rangers in the tournament and was a key cog in their run to the Stanley Cup Final.
The team’s top goal-scorer, Ryan Callahan, will become a free agent next summer.
Nilsson, who led the AHL with a 1,095-plus points and a league-leading 28 shutouts, has missed more than a month with a fractured fibula.
He was one goal shy of a season-high with 29 goals and 45 assists last season.
The Rangers have signed center Brian Boyle to a three-year, $15.5 million deal, while the Lightning have signed defenseman Adam Erne to a two-year deal, sources said.