Well, that was disappointing. Priorities for me:
1 - Coach - I don't think Bylsma is retained nor do I want him to. I think whoever is brought in will help determine some of the other moves based on what they want to do systemwise. I dislike the available options right now, but at least someone who is competent enough to adapt at least a little.
2 - Resign Malkin - Dream would be 8 @8.7, but I guess 8 @ 10 is more realistic
3 - Letang - I think the key is determining if coaching or experience can help curb some of the more wildly risks that he takes. If not, explore the market a little. If so, try to get a good deal (I would only go up to <=6.5, love <6, expect 7).
4 - Fleury - I don't think he stays. He is at best an average goalie and fringy/well below average in the playoffs for the past 4. It is a shame, but the Pens did him a disservice where he has not improved technically at all. Maybe a draft day deal or assets in trade.
5 - Dupuis - Try to resign at a reasonable rate, but I don't think I would go above 2-2.5M. He can produce at the regular season, but playoffs more suited to L3 duty.
6 - Cooke - Ave in season, plus in the playoffs. Should resign him, but for a discount 1.5 or so for L3 purposes.
7 - Kennedy - I'm torn since he is RFA and might ask for a raise, but he is expensive @2M for L3 duties. I don't think he is worth it, maybe a draft day thing for rights.
8 - Iginla - He looked pretty bad in the playoffs and at his best, looked pretty average with good PP qualities. I don't see him being brought back except at a large discount, ~3M.
9 - Morrow - I would probably not retain unless at a steep discount, 1.5-2M. Seems like a fringe L3/4, physical with a touch of skill but slow.
10 - Murray - I wouldn't retain unless at a discount, <2M . He is too slow to be top 4 and 2+ is way too much for a 3rd pair D. Physicality is nice, but glacial slow.
11 - Adams - Maybe at near vet minimal, increases if Glass is able to disappear in some fashion. Nice in L4.
12 - Eaton - Maybe another AHL deal? Too many D in AHL so probably not.
13 - Despres/Bennett - Whoever comes next absolutely needs to get them more time and allow them to grow with the mistakes. Bennett seems like a 2 way top 6 forward, top 9 at worst. Despres still needs to get better with his reads and positioning, but seems at worst a below average 2nd pair D.