Oshie and Kempny out really tested their depth too much, and it showed in the OT periods. The Caps lost their legs and their composure on the puck. That said, a strong regulation from Holtby and/or Carlson and they're moving on to the 2nd round as the prohibitive Cup favorite.
Defense is extremely solid next year, regardless of who is the 3LD. I'd see if there's any interest in Djoos. Siegenthaler is a lot more toolsy.
Top six is great if Vrana returns (I can't imagine they'll move him)
Hagelin was an outstanding fit in the bottom 6, IMO, and I'd have him back at < $2M (which I don't think is unreasonable given his lack of production). Stephenson is a useful enough utility player/4th liner. His QO is probably fair, so that's $715k.
Not counting Djoos, that leaves ~$7.6M for Vrana, Burakovsky, Connolly, and a 7th D.
So, basically, thanks for the memories, Conno. I'd project Vrana at $5M, so that'd leave $2.6M to sign Burakovsky and fillers. That doesn't seem reasonable, and it's a real pickle. I was all about moving Burakovsky until the playoffs, but he seems one of those to elevate his game in the postseason. Vrana on a bridge deal and Hagelin under market value can solve a lot of the money problems. Gain $2-3M in wiggle room there and we're fine for bringing back everyone except Connolly.