I think Leddy is definitely on the trade list. Unfortunately, he's never lived up to the talent level he possesses. He SHOULD be one of the best offensive dmen in the league, unfortunately it seems like he peaked in that department 2 years ago. Nobody is going to take him off our hands for a 2nd round pick.
It still disgusts me that the Hurricanes gave up a first-round pick for Brady Skjei. He is essentially a younger, poor-man's Leddy, with a significantly worse contract.
Unfortunately, it was just the perfect circumstance of injury and desperation for the Hurricanes. In a flat-cap world, the Raggie$ are probably paying a first rounder to get someone to take that contract off their cap.
And, unless I am reading them wrong, it looks like the advanced stats haven't exactly shown any improvement in Skjei's game with Carolina, albeit it is a small sample size.
It even appears that they have tried to hide him as much as possible, reversing course and having him take more offensive-zone draws in the post season vs. more defensive-zone draws in the regular season.
With respect to Leddy, there are several ways I could see to maximize the return for the Isles, if they get a bit creative.
One is to retain $1-1.5 mm in salary and get a better return in futures, which could then be used as an asset to move out other salary.
I could also see the Isles taking on a couple players due around $1-1.2 mm in real money, that they can bury in the AHL, or a player with a small cap hit but due more in real money. We have seen Lou try to add NHL/AHL vets to the Sound Tigers and get them more competitive in the past. Such a deal would kill two birds with one stone.
A team might part with more compensation if they can shed more real money in a Covid world. For the Isles owners, ideally it should be about maximizing the return and taking a bit of a one-year financial hit, so they can ice the best product when they enter their new arena and then try to maximize profits.