When Brad Treliving was finally cast overboard by the capsizing Toronto Maple Leafs, the most critical question had nothing to do with who might succeed him as general manager.

No, all that really mattered in the wake of Monday night’s announcement about a “decision to part ways” was an explanation of why anyone in Toronto should be left with the belief that Keith Pelley is capable of saving this sinking ship?

This is the same Pelley who only 10 months ago pushed former president Brendan Shanahan out the door and gushed about having the right leadership team in place. The same Pelley who said, “my role is to try to create a culture and a chemistry within that organization that builds a culture of winning championships” before retreating from view while the 2025-26 Maple Leafs careened off a cliff.

The same Pelley who pronounced it “go time” for the Leafs when he spoke to The Athletic’s Pierre LeBrun in October, punctuating his thought with a vote of confidence for Treliving and coach Craig Berube: “I think we have two leaders, in Brad and Chief, to hopefully take us to the promised land.”

The MLSE president and CEO was either wrong then or he’s wrong now, and neither is an acceptable answer.

Under Pelley’s watch, the Leafs are putting the finishing touches on the largest season-over-season points decline in franchise history. Worse than anything seen during the Harold Ballard years or Peter Horachek’s ill-fated tenure behind the bench.

Treliving obviously bears responsibility for the personnel decisions that took the Leafs from first to nearly worst in the Atlantic Division. Berube will inevitably have to answer for his role in the fall from grace, too. But placing all of the blame at their feet for this catastrophic end to a nine-year playoff streak feels incomplete.

Something has felt amiss behind the scenes with this organization dating back to Shanahan’s firing. Purse strings have been tightened around the formerly free-spending Leafs, according to league sources. The open lines of communication and front-office synergy that Pelley promised never remotely came to pass.

“I’m not looking to replace Brendan (Shanahan), I’m looking to work closer with Brad and work closer with Craig,” Pelley said in May. “I’m confident in Brad, I’m confident in Craig, I’m confident in the resources that we have. But I do believe that we as the custodians of the biggest hockey brand in the world have a responsibility to our fans, and that responsibility is winning championships. We will do everything we possibly can and will not stop until we reach that goal.”

Pelley is now two years into the MLSE job after returning to his hometown from a 10-year stint running the PGA European Tour. Before that, he was an accomplished television executive and president of the CFL’s Toronto Argonauts.

Despite a clear lack of hockey expertise, he’s been taking a more active role with the Leafs as their losses piled up throughout 2025-26. Recently, during forensic meetings conducted by Pelley with team employees that preceded Treliving’s exit, he was asking questions about team culture and the impact of specific players, according to league sources.

Pelley also played an active role in the team’s trade deadline decisions earlier this month.

Now, after blowing a hole through the front office he inherited and leadership group he lauded, Pelley is on the clock to reconstruct the top of the operation heading into a summer where Auston Matthews’ future with the organization very much hangs in the balance. The possibility of a lengthy rebuild is feeling increasingly real and it’s not remotely the path Pelley or his bosses had planned to go down intentionally.

In fact, none of this resembles what Pelley envisioned for the Good Ship Maple Leaf. Remember that he was supposed to be directing this thing, too.

“My role is to be a sounding board,” Pelley said in May. “My role is to try to create a culture and a chemistry within that organization that builds a culture of winning championships. So that’s the way I look at it. I look at it as a holistic leader that can provide support and guidance from a leadership perspective, from a culture side.”

Two springs ago, Pelley took the podium after the Leafs were eliminated by the Boston Bruins in Round 1 and said he didn’t take this job with a goal of selling more jerseys.

Last year, he spoke of the pressure he felt while watching the team get dismantled 6-1 in Game 7 on home ice by the Florida Panthers. He said, “I think we have to be on the pathway to winning the Stanley Cup” when asked what he’d consider a successful 2025-26.

Well, he’s no longer selling winning, and it’s anyone’s guess who will be wearing the jerseys from this point forward. So when Pelley speaks Tuesday afternoon in Toronto, it’s going to be fascinating to hear what the plan is now.