5 p.m. EST on July 15 marks the expiration of qualifying offers for NHL restricted free agents.

In the Leafs‘ case, Connor Carrick, Josh Leivo and Garret Sparks will have until 5 p.m. to accept the one-year qualifying offers extended to them a few weeks ago. If they choose to let their offers expire, they will remain RFAs under team control but will have to renegotiate their contracts with the Leafs.

The same goes for Peter Holland, Martin Marincin and Frank Corrado, but those three have opted for salary arbitration. They could, of course, settle on contracts before their arbitration hearings, but opting for arbitration means none of those three have the intention of accepting their qualifying offers.

The AHL salary on two-way deals stays the same on qualifying offers; this means that, where the qualifying offer raise might seem like an easy call for someone like Josh Leivo or Garret Sparks, the Leafs will want them locked in at a lower NHL number while their agents will want to ensure their clients receive a raise in the AHL.

Below is the necessary qualifying offer information as well as the Leafs‘ arbitration dates.

Toronto Maple Leafs Qualifying Offers

Player 2015-16 NHL Salary Required QO Qualifying Offer Peter Holland* $775,000 105% $813,750 Martin Marincin* $700,000 105% $735,000 Connor Carrick $655,000 110% $720,500 Josh Leivo $842,500 105% $884,625 Frank Corrado* $632,000 110% $695,200 Garret Sparks $670,000 105% $703,500

Update:

Toronto Maple Leafs re-sign Garret Sparks to one-year, two-way contract https://t.co/RQVg851BqE — Maple Leafs Hotstove (@LeafsNews) July 15, 2016

Toronto Maple Leafs Arbitration Dates

Player Date Peter Holland July 25, 2016 Frank Corrado July 26, 2016 Martin Marincin August 2, 2016

Leafs Links

https://twitter.com/ThomasDrance/status/753699138924007424

Dmytro Timashov knows were he wants to go: the NHL https://t.co/gfmsSysgEO — Pension Plan Puppets (@PPPLeafs) July 15, 2016

Never heard this story until today – In '99 Lonny Bohonos+Michel Therrien got in a bar fight https://t.co/QBIqMlvjp9 pic.twitter.com/96SqmDOEqb — Anthony Petrielli (@APetrielli) July 14, 2016

Tyler Bozak – 2016-17 Player Preview https://t.co/AdsFIa6fpi — Maple Leafs Hotstove (@LeafsNews) July 14, 2016