Will find out soon what Franson and Reimer new contracts are as the arbitrator decides them in the next couple weeks.
However while I agree they might well be traded they will also need to be replaced as well at their positions. You can't trade Reimer without bringing in another backup goalie.
From Mirtle, but I think this is plausible:
CAPGEEK.COM ARMCHAIR GM ROSTER
Leafs projected roster July 11
FORWARDS
James Van Riemsdyk ($4.250m) / Tyler Bozak ($4.200m) / Phil Kessel ($8.000m)
Joffrey Lupul ($5.250m) / Nazem Kadri ($2.900m) / Mike Santorelli ($1.500m)
Leo Komarov ($2.950m) / Petri Kontiola ($1.100m) / David Clarkson ($5.250m)
Troy Bodie ($0.600m) / Peter Holland ($0.851m) / Matt Frattin ($0.800m)
Trevor Smith ($0.550m) / Carter Ashton ($0.851m)
DEFENSEMEN
Dion Phaneuf ($7.000m) / Stephane Robidas ($3.000m)
Jake Gardiner ($2.800m) / Cody Franson ($2.600m)
Morgan Rielly ($0.894m) / Roman Polak ($2.750m)
Petter Granberg ($0.800m)
GOALTENDERS
Jonathan Bernier ($2.900m)
James Reimer ($2.500m)
BUYOUTS
Mike Komisarek ($0.000m)
Mikhail Grabovski ($0.000m)
Tim Gleason ($0.833m)
RETAINED SALARIES (0.29% of upper limit)
Carl Gunnarsson ($0.200m—6.35%)
BONUS OVERAGE
$450,000
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CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(estimations for 2014-15)
SALARY CAP: $69,000,000; CAP PAYROLL: $65,778,500; BONUSES: $950,000
CAP SPACE (23-man roster): $3,221,500