It's not too often a Leafs fan is right, but..... ^
Either that, or they'll turn it into Luongo shitshow part 2, and inevitably get less for him in 6 decades from now.
Yes, you'd be trading within your own division, but that's probably the best offer they were going to get for him. In a few months, Gillis will wish he saved one of those Mulligans from golfing today, to use it on a deal like the one he got today.