If it were me.....
Either retain up to half on Sutter.... might interest someone at a heavily reduced salary
Or.... and lots of Canuck fans wouldn't like this.... "sell high" on Pearson. He's probably gone in a year anyway, he's got a ring or two, decent two way middle six type with a decent contract. Any other year he might get you a decent pick, but probably not this one. Get a mid to late pick and I probably take it
Find a couple cheap guys in FA who've slipped between the cracks, give Baertschi another look, see what you have in Hoglander, etc
Doing one or both of those moves probably gets you compliant for opening night
Long story short, I would not pay out the wazoo to move out deadweight, and any kind of buyout would be an absolute last resort as my priority would be Pettersson/Hughes/Demko next summer with the Luongo recapture and plenty of bad contracts still on the books, and weaponizing what's left (if anything) to poke around for any bargains made available by either expansion or next summer's cap crunch