In a trade made on May 21, a youngster, Eric Nesterenko, and a veteran, Harry Lumley, were shipped to Chicago by Toronto in exchange for cash.
While Lumley played goal the following season (1956-57) with Buffalo in the American Hockey League, Nesterenko flourished with the Chicago Black Hawks. He remained in Chicago for 16 seasons and played on their 1961 Stanley Cup team.
Lumley, eventually made it back to the NHL in 1957 with Boston.
Since this was an off-season transaction, both Lumley and Nesterenko were occupied with other matters. Lumley, was involved in the auto industry as a partner in two car dealerships. Nesterenko, had just started a job with Toronto Hydro at their Leaside Station.