On November 23, 1954, the Black Hawks traded Conacher along with Bill Gadsby to the New York Rangers in exchange for Rich Lamoureux, Allan Stanley and Nick Mickoski. On June 4, 1957, the Rangers traded him to the Toronto Maple Leafs for $15,000. On November 18, 1957, the Maple Leafs traded Conacher back to the Rangers for $15,000.