If Kovy is willing to sign for 4-5 million each for even 2 years, the Hawks could certainly afford him. He would need to remain unsigned until the first week of the season when we can LTIR Hossa and are allowed to then go over the cap for a replacement player. For the second year of the deal, we have bonus overages (mostly Panarin) of 3.5 million coming off the cap so there is certainly room in year 2 also. The only contract of note at this point for next Summer is Hartman. Absolute worst case scenario, Harman blows up into a 25 goal 50 point guy and you agree to a deal, but sign him after you can LTIR Hossa in October. I would be leery of going beyond 2 years as you then would be getting into Schmaltz's next deal in year 3.
All that said....hell the f no on Kovy. Quitting on teams all over the globe is the guys mo. Besides, we need to invest resources and cap space into solidifying the D. Maybe Forsling is ready to blossom into a top 4 D, but at this point I would not put all my eggs in that basket given what our other choices are. Even if you think Forsling is that guy starting this fall...we'll have to pay him in a couple Summers too.
If we are dumping 4-5 million into anything at this point it needs to be into a 20 something year old middle pairing left handed defenseman and I would much rather we figure out something in the 2-3 million range so we have a bullet left to use at the trade deadline.
I also think we will see Hossa's cap go away fairly quickly (once the league officially allloows LTIR for his condition) in subsequent years. The cost to move 5.275 cap hit that only costs 1 million in actual salary will have value to a number of bottom feeders that will struggle to spend to the cap floor. Look at the payroll commitment Vegas has next year and ask who they could possibly spend money on to get to the cap floor when there isn't an expansion draft for them to take a handful of crappy contracts? Arizona isn't much better in terms of what they might spend cap on to get to the floor. I would not be surprised to see the Canucks go Toronto and burn it to the ground when the twins come off the books next Summer.