Given that he's a FA after this season that would be a rather *ahem* high price. Maybe pull an Eskie move and deal a 3rd or similar for the exclusive right to talk to him? But obviously that doesn't guarantee anything, and given the Ottawa complications he may be smart just to wait it out and hope for a bidding war to develop.
Considering all that, giving up a first rounder should be considered. Or maybe a second rounder and Henoc Muamba...then Toronto can work on signing him till Feb. 15
I don't even think you need to include a 2nd rounder in that trade with Henoc. Collaros for Henoc straight up.
Since they're both pending FA's with the dispersal draft coming up, you might be right. Plus TO has a history of starting NI LB's.