The 1927–28 Toronto Maple Leafs season was the first under the Maple Leafs name for the Toronto National Hockey League (NHL) franchise.
The club finished in fourth to miss the playoffs again.
Smythe put team captain Bert Corbeau on waivers in October.
Corbeau cleared waivers and joined Toronto Ravinia of the Canadian-American Professional Hockey League.
Smythe named Hap Day as team captain.