All of this back and forth between Glen Sather and the Brandon Dubinsky camp may end up costing the Rangers as Toronto may be ready to step in. Puck Daddy has
a wrap of the goings on north of the border and the signs point to Brian Burke putting out an offer sheet. Now, the main target of his affections is said to be Phil Kessel but that simply doesn't make as much sense. While it would be nice revenge for the Tuukka Rask/Andrew Raycroft fleecing, I don't see other motivation. Burke's track record shows a penchant for rough-and-tumble, big players who are quick to fall in line and read the company motto. Kessel has none of those qualities.

Brandon Dubinsky, on the other hand, does. Dubi would help fill the hole in the middle still empty after the Mats Sundin
Vancouver money grab retirement. Nik Antropov couldn't do it, or wasn't willing to. Dubi is a big kid with good hands that is willing to stand up for his teammates and fight - even though he isn't particularly good at it. He would be a big boost to the Leafs' youth movement up front and could take the pressure off guys like Kulemin and Grabovski.
While that is good for Toronto, it would be terrible for the Rangers. Letting Dubi go, even with three draft picks possibly coming back in return, would decimate this team. There isn't much salary cap space to bring in someone else and, let's face it, there aren't many good puck movers on the market right now.
Sather never replaced Scott Gomez, and to lose Dubinsky for nothing (in the short term) would leave us with Chris Drury, Arty Anisimov, Brian Boyle and Tyler Arnason up the middle. That would be fine for a first year expansion franchise, but not for the New York Rangers.