The rumour is that teams might not be willing to go 7 years, and they also won't be willing to go to 11 million.
We apparently offered Stone 7 years, 9.5 million with a 5 year NMC and signing bonuses, or alternatively 5 years @ 10.5 million. The terms of the 5 year contract never were discussed by insiders, but I think it might be safe to assume that if there was a 5 year NMC and bonuses in the 7 year deal, there probably would have also been the same terms in a 5 year deal.
If all of the above is true, 5 years 10.5 million with signing bonuses and a NMC might be in the ball park of a competitive term and AAV for Karlsson.
Assuming we're actually going to "spend close to the cap in 2021" I would be happy if we got him for that. I don't mind taking the risk for that kind of player.
I don't have any insight into his health the same way a team like Ottawa or San Jose who have had him on the roster might, and whether or not any of the rumours about him not wanting to practice or not being a big conditioning guy in the summer are true. Obviously, if there was something astoundingly negative that was true, I wouldn't think it would be worth signing him.