McWard was waived by Toronto on Wednesday, per Renaud Lavoie of TVA Sports.
McWard signed a two-year, $1.75 million contract with the Maple Leafs over the summer. He'll still earn his full salary even if he plays in the minors, as it's a one-way agreement. The 25-year-old had six goals, 27 points and 24 PIM in 63 regular-season appearances with AHL Bridgeport in 2025-26.