to 
Brandon Sutter
Jordie Benn (via Ottawa, 750k retained by Vancouver, 750k by Ottawa)
to
Brendan Smith (via Vancouver, 2.175M retained)
Sven Baertschi (1.683M retained by Vancouver)
2021 VAN 2nd round pick
to
2021 NYR 5th round pick
Senators bury Baertschi in the minors afterwards in this scenario. If they do not want to bury Baertschi, take the Benn retention off Ottawa and assign 1M Vancouver instead of 750k. The Senators could also choose to bury Baertschi in any case. The calculations below would be based on the trade above and assuming Ottawa buries Baertschi.
Senators cap hit changes
OUT: 0
IN: 2.175 + 1.683 + 0.75 - 1.025 = 3.583M
TOTAL: Add 3.583M in cap hit
Canucks cap hit changes:
OUT: 2.175 + 1.683 + 1.25 = 5.108M
IN: 0
TOTAL: Gain 5.108M cap space
Rangers cap hit changes:
OUT: 4.35 = 4.35M
IN: 4.375 + 0.50 = 4.875M
TOTAL: Add 525k in cap hit
Vancouver gains cap space to sign a few players to fill out the roster (Haula, Vatanen etc)
Ottawa adds a 2nd in return for short term cap retention, adding 3.175M in real dollars (1.175M from Smith, 1.2M from Baertschi and 800k from Benn). They also get Smith and either take a flyer on Baertschi on a prove it or lose it year or just bury him.
The Rangers swap RD and add a stopgap center for 1 year, adding minimal cap of 525k. Looking at the Rangers roster, Zibanejad and Strome (once signed) are 1-2, and there are few other Cs. Sutter can shoulder defensive, PK and faceoff responsibilities for younger guys like Chytil or Howden. Can play on the third or fourth line. Probably bumps Di Giuseppe or Blackwell from the lineup. If I'm wrong on the fit, so be it, but it looks like it could work... from an outsider's perspective anyway.
With Melnyk's penny pinching of course this might be a futile exercise... or possibly the incentive may not be high enough.
Brandon Sutter
Jordie Benn (via Ottawa, 750k retained by Vancouver, 750k by Ottawa)
to
Brendan Smith (via Vancouver, 2.175M retained)
Sven Baertschi (1.683M retained by Vancouver)
2021 VAN 2nd round pick
to
2021 NYR 5th round pick
Senators bury Baertschi in the minors afterwards in this scenario. If they do not want to bury Baertschi, take the Benn retention off Ottawa and assign 1M Vancouver instead of 750k. The Senators could also choose to bury Baertschi in any case. The calculations below would be based on the trade above and assuming Ottawa buries Baertschi.
Senators cap hit changes
OUT: 0
IN: 2.175 + 1.683 + 0.75 - 1.025 = 3.583M
TOTAL: Add 3.583M in cap hit
Canucks cap hit changes:
OUT: 2.175 + 1.683 + 1.25 = 5.108M
IN: 0
TOTAL: Gain 5.108M cap space
Rangers cap hit changes:
OUT: 4.35 = 4.35M
IN: 4.375 + 0.50 = 4.875M
TOTAL: Add 525k in cap hit
Vancouver gains cap space to sign a few players to fill out the roster (Haula, Vatanen etc)
Ottawa adds a 2nd in return for short term cap retention, adding 3.175M in real dollars (1.175M from Smith, 1.2M from Baertschi and 800k from Benn). They also get Smith and either take a flyer on Baertschi on a prove it or lose it year or just bury him.
The Rangers swap RD and add a stopgap center for 1 year, adding minimal cap of 525k. Looking at the Rangers roster, Zibanejad and Strome (once signed) are 1-2, and there are few other Cs. Sutter can shoulder defensive, PK and faceoff responsibilities for younger guys like Chytil or Howden. Can play on the third or fourth line. Probably bumps Di Giuseppe or Blackwell from the lineup. If I'm wrong on the fit, so be it, but it looks like it could work... from an outsider's perspective anyway.
With Melnyk's penny pinching of course this might be a futile exercise... or possibly the incentive may not be high enough.
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