Pearson has 14 points in 61 games with 2+ years remaining on a deal paying him nearly $4 million/year. That’s literally the definition of a negative-value asset.
Likewise, Schenn cleared waivers earlier this year. This is pretty much concrete proof he was considered a negative value asset. Not a single NHL team wanted him for free on his current deal.
However, it’s par for the course for Benning to place value on an asset with negative value. Did it with Sbisa, did it with Prust.
we should probably define value. to me there is roster value (e.g., is he a guy you would want on an nhl roster disregarding of salary), market value (e.g., is he a guy earning his salary) and trade value (e.g., is he a guy whose combination of roster and market value makes him desirable). pearson has roster value, is presently paid above his market value, but still has enough roster value to retain some trade value.
pearson had a horrible start but was still traded for hagelin 3 months ago in a trade nobody at the time assessed as one sided and has since improved his play. he was not held fully accountable for the slump based on track record and because nobody would doubt pearson is a complimentary player, and all the guys driving play on the kings were in slumps. he has failed to fully catch fire with the pens, but pearson since the trade has bounced back to a 17 goal pace over 82 games with the pens which is not bad. he's not worth his salary this year, and the term is a risk, but he still has some roster and trade market value as a big strong 26 year old all rounder who can patrol the wing and score given the chance, and could bounce back to be more.
pearson could go off a cliff from here or he could bounce back, or wyswig. in 2 out of the 3 of those outcomes he is a good to great return value for gudbranson. if he goes off a cliff slowly, he might still be acceptable return.
and as for schenn, buriable depth nhl players that clear waivers change hands for value regularly. schenn was arguably worth more in the ahl than in the nhl. i am sure anaheim would have dealt him to someone if they hadn't upgraded to mdz.