The Toronto Maple Leafs have placed forward Travis Boyd on waivers, according to Sportsnet's Elliotte Friedman.

Toronto's decision to waive Boyd is primarily focused on preserving cap space ahead of the April 12 trade deadline, according to Sportsnet's Chris Johnston.

Boyd can be shifted to the Maple Leafs' taxi squad if he goes unclaimed, which would allow the team to accrue daily cap space while carrying a 20-man roster, notes Johnson.

Boyd, 27, signed a one-year deal with Toronto this past offseason. He's been a quality depth piece on the Maple Leafs' fourth line, chipping in eight points in 20 games.

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