This would be my interpretation of our team's salary structure going into next season.
We have 14 players total signed with 59.250M in salary (not cap) spent.
-Deduct 80 percent of MacArthur's salary for a return of 3.8M bringing us down to 55.45
-Condon is traded with Hogberg or Driedger (we'll say Hogberg) promoted to backup. Net savings of 1.665M. This brings us down to 53.785 for 2 goalies and 11 skaters.
-We'll spend around 6.5M on centre regardless. Whether that is through extending Turris, trading for Duchene, or a wild card like acquiring RNH. That brings us up to 60.285M for 2 goalies and 12 skaters.
Big contracts for us to sign?
-Mark Stone, has 1 RFA year left, let's say he has a 6M+ AAV but is signed for 5.5M for his final RFA year.
-Cody Ceci, has 2 RFA years left, easily commands 5M long term with the minutes he plays for us. Similar to Stone, maybe we get a bit of a discount in the RFA years and get him for 4.5M. We're now at 69.285M for 2 goalies and 14 skaters. We still have to sign 7 more players.
-Mark Borowiecki...1.3M. Dorion has been pretty straight forward about the fact that the team is signing the guy. We're now at roughly 70.6M with 2 goalies and 16 skaters.
-Freddie Claesson likely signs a 2 year deal that is agreed on prior to going to arbitration ala Dzingel and Pageau this past season. Let's say he signs for a similar amount to Nate Schmidt but in typical Sens style we kick the can down the road a little bit by backloading the contract, 2.2M AAV with a 1.8M year one salary. We're now up to 72.4M with 2 goalies and 17 skaters signed.
-At closer look, Max McCormick is in the minors with a 650k 1 way deal on Capfriendly, meaning he's already counted toward the salary structure...good news I guess since that bumps the Sens up to 2 goalies and 18 skaters signed @ 72.4M, not just 17 skaters....
-Okay, so now the Senators need to add 3 skaters to fill out the roster and bring it up to 23 men. We'll just go generic and say that on average each of those skaters will cost 850k for a total of 2.55M to fill out the roster. That brings us up to 74.95M, so we'll call it 75M....
Conclusion?
I would be surprised if we had a budget as high as 75M going into next season. We've floated around 68M the past few seasons, we while we are at around 71M now, it's uncertain how MacArthur's money might figure into things and where our actual budget is at. Some further options for shedding salary might be to trade Claesson if Jaros+Englund push for NHL spots which in this scenario would save us 1M, and to trade Dzingel which when accounting for the cost of a replacement body would save the Senators around 1.3M. If Mac is done for good, we could also consider packaging his contract with a pick or prospect and send the final two years to a rebuilding team. In this case, we'd be paying to have a team take 20 percent of Mac's salary off of our hands for two straight seasons since that is apparently what is not covered by insurance. So that would be an additional 1M. My guess is it might take a mid or high 2nd rounder to execute that sort of deal assuming there was the right team out there to accommodate it. I may have over or under estimated certain salaries so that can also affect the outcome.
At about 5M over where we are at now, we're not in a bad spot for 18-19, but unless our budget is going up, we may have to shed some secondary players, or one big player in order to lower our salary.