Everybody knows the Sens have financial troubles, but I don’t think people understand just how hard it’s going to be to sign Karlsson.
With Kane’s new contract, getting either Duchene or Stone to sign for less than 8 seems unlikely. It’s been speculated that Melnyk has an internal cap of 68 million but let’s pretend he stays at the 70 million that he did this year. If Duchene and Stone sign for a combined 16, Karlsson gets 11, and Ceci gets a raise to 5, suddenly you have 32 million right there. Add in Ryan’s 7.5, and Gaboriks 4.875, and that’s a total of 44.375 million (63% of their cap) in just 6 players, two of which (arguably 3 depending on how you view Ceci) are straight up bad players. That’s without factoring Hoffman in as well, who I think is probably getting traded after looking at the Sens salary structure. Even if Karlsson takes a discount at 10 per, I don’t see how they can fit him in.
The obvious play would be to be pony up and trade Ryan at a loss, and use his money to fix the Karlsson problem, but I don’t think that’s going to be possible. Look at a recent comparable in the Bolland trade, his negative value was determined to be Crouse. Crouse was a recent 11th overall pick in the strongest draft year since 2003, and was pegged by most scouts as a top 10 pick going into the draft. Bollands contract was also better, only being paid 5.5 for another 3 years, compared to Ryan’s 7.5 for the next 4 years. Bolland could also be put on LTIR, while Ryan still needs to be played. Asking a team to take 30 million in real dollars (since he’s still healthy) is a really tough ask and probably not possible. If he was to be traded (without huge salary coming back to Ottawa), using the Bolland trade as a comparable you’re looking at trading Chabot or the 4th overall with him, which is a terrible idea for a team that just finished 2nd last in the league.
Does anybody see any way Karlsson can be retained? To me it seems pretty likely he’s going to get traded this summer. The more I look into the numbers the harder it is to see any scenario where Karlsson is a Senator next year.