Eriksson 4.5M(25% retained) + 2021 conditional 3rd for Reilly + Stl 6th?
The conditions being Eriksson playing 50% of Senators games the next two seasons. If he does the pick is a 4th, if he doesn't the pick is a 3rd. So if he is in the AHL or scratch for more than 50% it's a 3rd, if he retires its a 4th.
For Ottawa they add 3M in cap this season and 4.5M next. In real cash they save 750k this season and owe Eriksson 3.25M next. So a 2.5M add over two seasons would be 1.25M a season which isn't bad for a bottom 6 player. Eriksson is still good defensively so could take heavy defensive minutes and help shelter a young C like Stutzle or Byfield or even a Logan Brown or Josh Norris. I think saving 750k this year is big with no fans or less than normal, by 2021 they should have fans back so there will be more money coming in so the 3.25M isn't as tough to swallow. The Stl 6th is because of the cash difference Reilly is owed this year.
For Vancouver they save 3M in cap this year and 4.5M next. They get a pick this year when they are missing a couple even if its late. Reilly isn't needed so they can try to trade him or send him down or trade Benn to free up an extra 500k and have Reilly as a 7th D. They add cash this year but not much and save next season. A 3rd round pick to free up 4.5M seems like a good deal, possibly just a 4th if Eriksson retires or is actually used by Ottawa.