The Toronto Maple Leafs will have to part with a third-round draft pick, but they are not about to give it up this year.

After the Maple Leafs signed former Detroit Red Wings head coach Mike Babcock to a monstrous eight-year deal, the Maple Leafs were forced to hand over a third-round pick as compensation over the next three years.

However, the Maple Leafs will not be giving up their third-round pick in the upcoming draft, according to Helene St. James of the Detroit Free Press.

The Maple Leafs informed the Red Wings of their decision Monday, meaning the team will be forced to give up their third-round pick in either 2016 or 2017.