Everybody remembers Jags traded to the Caps for "The Jagr Three" and cash (believe it was $2.5m.) The Pens also threw in Frankie Kucera, who was making a lot of money by early 2000s Pens' standards. IIRC, Kucera played so poorly after being picked up that he didn't play a game during their 2001 playoff run.
Toronto got him + the 4th-rounder (later forfeited) + Jamie Heward and a nobody for Richard Petiot.
So basically nothing in exchange of nothing (Kolzig and Heward never played for the Leafs subsequently, and Petiot played 11 games for Tampa Bay)...
EDIT: Hero beat me to it.
Sorry. not sure if you're just adding to what I said or arguing against it.
In the end though, the Lightning gave up a pick for the Leafs to take on the remainder of Kolzig's and Heward's contracts as they were injured and at the end of the year UFA. Like you said the other parts were "nothing." Essentially the Leafs bought that 4th from Tampa for around 500k in salary, Toronto had the cap space and the money to spend and those players were useless to Tampa now.
They ended up losing the pick because they broke the rules in an unrelated event, but if they weren't forced to lose that 4th round pick they likely lose a future one instead.
It was before the cap, but Jagr was once traded for Anson Carter. As part of the deal, Washington agreed to continue paying $4 million of Jagr's salary a year. Jagr's salary was so inflated that the Capitals couldn't build around him and couldn't move him because no one else wanted to pay for him.
Devils traded Vladimir Malakhov and a 2007 1st round draft pick to the Sharks for Jim Fahey and the rights to Alexander Korolyuk
This was the first trade that came to mind. Devils had to get below the cap, and needed to move Malakhov.
__________________ "Itís not as if Donald Fehr was lying to us, several players said. Rather, itís as if he has been economical with information, these players believe, not sharing facts these players consider to be vital."