LoVerde was cut from training camp and placed on waivers by Toronto on Monday.
LoVerde is still looking to make his NHL debut after spending the last six seasons in the minors. Undrafted coming out of college, the blueliner has shown flashes of offensive talent, but can't seem to break into the 23-man roster.
LoVerde has signed a two-year deal with the Maple Leafs. It has an average cap hit of $725,000.
LoVerde, who is 28, has toiled his entire pro career in the minors. He is a leader through and through -- he captained the Ontario Reign of the AHL the last two seasons and was captain of the Manchester Monarchs when they won the Calder Cup in 2014-15. LoVerde can chip in a bit of offense, too -- he scored nine goals and added 26 assists in 61 games last season.
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