If that's what they have to do then so be it, but just because they may be able to move someone to create the cap space doesn't mean the Wings, or any team for that matter, should not consider offer sheeting Point. At least if there is an offer sheet that Point accepts it weakens the Bolts both next year and in the future.
I think that's why you have to wait and see what happens at the draft lottery as well as in FA. A decision to offer sheet doesn't have to be made now or even in June, there's no real deadline in terms of offer sheets, we can send one so long as he is unsigned.
The Wings are not a good team and I agree that we have quite a few holes; the
Wings are still missing 2 top line forwards, a, #2C, and a top pairing dman. We could hypothetically address 3 of those 4 needs this offseason, very unrealistic I know but this is an ideal offseason. If we were to get lucky and draft Hughes/Kakko that would give us a forward with a very real chance of becoming a top line threat, Hughes has superstar upside imo; we could sign Gardiner, assuming his back issues are not recurring; and offer sheet Point. I'm confident that if we were to add Gardiner+Point+Hughes we would not be a bottom 5 team, potentially not even a bottom 10. Mind you should we draft outside the top 2 I would just focus on signing someone like Gardiner.
The only reason I would be hesitant to attempt it would be because our defence even with the addition of Gardiner would still have a few questions on it, though I do think Hronek has shown he can be a 2nd pairing guy. We would need McIassic or Cholowski to play at that level and I'm not sure that's a possibility yet. It's for that reason I think the real threat to offer sheet Point would be a team like Philly who has defenceman that are established, a ton of prospect capital, and the need for another top line forward.