Arizona doesn't seem to have any issues, they could take Franzen's salary or Clarkson's salary or any other dead weight pretty easily.
Let's ignore the UFAs and trades for now. Even if we're just talking about anticipated expansion selections. Let's spitball a possible lineup and see how it shakes out. I pulled this list from some article, it seems reasonable enough. Obviously it's all guesswork, but I think this is a fairly decent cross-section of the types of players that will be exposed. Let's not get hung up on individual choices like Murray or anything.
Forwards
Rick Nash (7.8)—Tyler Bozak (4.2) —Jakob Silfverberg (3.75) = 15.75
Benoit Pouliot (4.0) —Darren Helm (3.85) —Calle Jarnkrok (2.0) = 9.85
Michael Raffl (2.35) —Vladislav Namestnikov (1.94) —Jimmy Hayes (2.3) = 6.60
Brad Richardson (2.08) —Adam Lowry (1.13) —Lee Stempniak (2.5) = 5.71
Starting forwards alone already total nearly $38 million. But let's continue.
Spares: Brett Ritchie (0.88) , Hunter Shinkaruk (1.08) , Brendan Gaunce (1.03) and Charles Hudon (0.73) = 3.72
Forward totals = $41.63 million
Defencemen
Calvin de Haan (1.97) —David Savard (4.25)
Alec Martinez (4.0) —Mark Pysyk (1.13)
Paul Martin (4.85) —Mathew Dumba (2.55)
Starting defenders = $18.75 million.
Spares: Marc Methot (4.9) , Ben Lovejoy (2.67), Nikita Zadorov (1.74) and Ville Pokka (1.78) = $11.09
Defender totals = $29.84 million.
Goaltenders
Matt Murray (3.75)
Philipp Grubauer (0.75)
Goaltenders total = $4.5 million.
Team Total = $75.6 million.
...
...
...
Yeah, it's going to be a real struggle to hit $44 million. Unless I'm completely misunderstanding the rules (always possible, I get older by the year), it seems like they'll struggle NOT to hit the 60% required.