While Treliving and the Maple Leafs didn't end up flipping him as that report initially suggested, the team have now made a move with Benning, officially placing him on waivers on Monday afternoon.
The 30-year old has not had much success with the Sharks in recent years, but given that he has played in 464 NHL games over his career, he could become a solid, cheap option for a contender out there looking at veteran depth.
In 7 games with the Sharks this season, Benning had 0 points and a -5 differential before being used to acquire the younger Liljegren, so it's unclear how much he can impact winning at the NHL level right now, but don't be surprised to see several teams looking to secure his services over the next 24 hours.