The reality ( to me only) is winning and quality of players is the last of owners concerns.
Everybody sees people as " they are worth this much" then we can clear cap space easily. Reality will be, " 20% of my businesses are going bankrupt, and I have this toy, as a NHL franchise hoping i can sell it for a capital gain in some years. Yep what get liquidated first?
The toy!
Expect to see firesales, crazy stuff happening. Imagine almost everyone is acting in a money pinching way as they are all the Ottawa's Senator all at the same time. ( No disrespect to the fans).
So all sell, nobody buy, we saw, 6m$ Marleau contract worth a 1 round pick, now it it tighter, is 3m$ contract worth a first ? Everybody will say no, but who is willing to pay cash and spend cap hit?