In the final hour of Wednesday’s trade deadline, the Vancouver Canucks dropped the asking price for veteran goaltender Roberto Luongo and contacted the Toronto Maple Leafs three times within the hour, trying to complete a deal. But that wasn’t the case, Toronto declined all three offers.

According to Darren Dreger, the time frame for the three offers looked like this:

• Vancouver called  Toronto at 2:00 PM and made an offer, Toronto declined. 
• Vancouver called back at 2:30 PM made another offer, but Toronto declined.
•  Vancouver called again at 2:45 PM, and for the last and final time, Toronto declined. 

According to ESPN’s Pierre LeBrun, Vancouver was asking for goaltender Ben Scrivens and a pair of second-round picks from Toronto in return for Luongo. However, I believe Dave Nonis felt he couldn’t part ways with Ben Scrivens, at least for now.

The last time the Leafs and Canucks were in talks, Vancouver wanted Nazem Kadri, Tyler Bozak and second round pick, but of course it didn’t happen. So it’s pretty clear the Canucks dropped the price in hopes of making a last minute Luongo deal.

Toronto and Vancouver were close to a deal Wednesday, which explains why the Canucks pulled Luongo off the ice during the teams practice. They needed to be ready just in case the two sides agreed to a swap.

It was later reported that Dave Nonis would have dealt Ben Scrivens if Vancouver took some of Luongo’s cap. Since Vancouver wasn’t interested in doing so, the deal fell through.

It wasn’t just about Roberto Luongo Wednesday, as Toronto was also interested in Miikka Kiprusoff of the Calgary Flames. Many believe the two sides had a tentative deal in place that would send Kiprusoff to the Maple Leafs, but the veteran goaltender had second thoughts about moving to Toronto and decided it was best if he stayed in Calgary. ( Some say the Leafs could have sent a second round pick and a roster player and or a prospect to Calgary for Kiprusoff.)

The Leafs thought if they acquired Kiprusoff, he would’ve been a good mentor for Reimer and Scrivens, which makes sense considering he’s an experienced goaltender and most importantly, he has playoff experience. But there was no deal and Kiprusoff will stay in Calgary and will likely retire at the end of the season.

So, at the end of the day, the Maple Leafs didn’t land either goaltender and will have to ride with Reimer and Scrivens for the rest of the season and during the playoffs. But many fans can say, they’re happy with the two goaltenders as they’ll gain post-season experience this year one way or another.

Be sure to follow me on twitter at @MapleLeafsDale

Mar 18, 2013; Vancouver, British Columbia, CAN; Vancouver Canucks goaltender Roberto Luongo (1) during the second period against the Minnesota Wild at Rogers Arena. The Minnesota Wild won 3-1. Mandatory Credit: Anne-Marie Sorvin-USA TODAY Sports

In wake of news that the Leafs have been talking with the Miikka Kiprusoff camp, it’s being reported Mike Gillis has reached out to Dave Nonis in regards to Roberto Luongo.

To say the well of interest has run dry for the Canuck netminder, would be a serious understatement.

With Ottawa’s number one goalie Craig Anderson set to return any day now, Ben Bishop’s name has been tossed around in trade rumours. The asking price for Bishop would seem to be lower than Luongo’s in both assets and salary cap hit. However, Bishop is a restricted free agent at the end of this season, which may have teams wary of dealing for his services on the trade market.

On the other hand, teams in search of a top-notch goaltender will likely opt for waiting it out until free agency opens up this summer.

Mike Smith out of Phoenix would be the biggest name on the list and should lead the field with his phenomenal performance last year.

With that being said, Toronto is more than likely the only team still interested in actually trading anything for Luongo’s high price tag. Vancouver General Manager Mike Gillis is feeling the pressure and, especially since the need for a centre has been filled with the Derek Roy acquisition, thinks realistic negotiations can take place with Leafs GM Dave Nonis.

With the goalie market on the verge of opening up, the hopes of moving Luongo in exchange for really valuable assets is becoming wishful thinking. With the Leafs talking to Kiprusoff, expect the price for Luongo to drop significantly.

Oddly enough, the money situation isn’t the issue for Toronto. Kiprusoff’s salary is only $1.5 million for next season, yet his cap hit will be north of $5 million. The only real difference in dollars between Luongo and Kiprusoff would appear to be the contract length.

Feb 12, 2013; Vancouver, British Columbia, CANADA; Vancouver Canucks goaltender Roberto Luongo (1) makes a save against the Minnesota Wild during the first period at Rogers Arena. Mandatory Credit: Anne-Marie Sorvin-USA TODAY Sports

The price for Luongo will only go down throughout the day. A possible package, as reported by ESPN Insider Pierre LeBrun, could include Clarke MacArthur, who has become less of an impact for the blue and white this season.

MacArthur is a great character guy in the locker room, as is Luongo. He could be the key to the possible deal and would make sense for Toronto.

However, the acquisition of Luongo would likely mean the end of James Reimer and Ben Scrivens in Toronto. They’ve proven to be NHL-caliber goaltenders and would look for the first exit sign, being in their mid-to-late 20′s.

Roberto Luongo would probably make the Leafs more of a contender than Miikka Kiprusoff would, but the question for Leafs management has to remain, do they believe in Reimer-Scrivens? If they do, they probably don’t trade for Luongo. If they don’t, a trade for Luongo makes a lot of sense.

Despite all the risks and rewards Toronto will have to weigh in regards to a Luongo deal, the pressure has now switched to Gillis and the Canucks to get something for their gold-medal goaltender.

The end result? Nonis has a history with Luongo during his stint in Vancouver and the price may simply get too low to refuse.

So do the Leafs make a deal for Luongo or Kiprusoff by the end of the day?

The more likely scenario would be Toronto keeping the current group together and seeing what they can do in the post-season.

This may be the best option because Nonis really doesn’t know what he really has in his team. The impressive season should make him curious as to what they’re capable of doing in a playoff run, then make adjustments accordingly.

If a deal is to be made for either goaltender, the Leafs will wait to see the best price for Luongo, which will come in the last minutes before the deadline.

Toronto has virtually no pressure to make a deal. For both Vnacouver and Calgary, there are no realistic trade possibilities with any other team. This gives Toronto the ultimate veto in whether either goaltender moves.

Stay tuned.