The Toronto Maple Leafs want to ensure the 2016 draft is their best yet.

Despite owing third-round picks to the Detroit Red Wings and New Jersey Devils as compensation for hiring head coach Mike Babcock and general manager Lou Lamoriello, the Maple Leafs will hold on to their 2016 third-round draft pick, reports Sportsnet's Elliotte Friedman and General Fanager.

Wednesday was the deadline for Toronto to decide the fate of the 2016 pick, and their decision ensures the Red Wings will receive the Maple Leafs' 2017 third-round pick, while the Devils will receive Toronto's 2018 third-round pick.

The Maple Leafs have 12 picks in the coming draft, including the first overall selection.