On 1st day of the season, you have to be cap compliant, under 73.0M, so this is what we have to do:
A) You waive Miller+Howard+Franzen+Vitale on the 1st day of the season. Get 4x 950k = 3.8M relief
B) you send all waiver-free ELC contracts (Larkin, AA, Mantha) down on the 1st day of the season to finalize the number fit under 73.0M, but be as close as possible of it to maximize the LTIR relief.
C) If these aren't enough (depends of the Mrazek caphit), you'll send also Steve Ott down. If Mrazek caphit is at 3.8M ballpark, you don't have to waive Ott.
D) After these procedures are completed, you call Franzen and Vitale back and put them to LTIR. You put also Pulkkinen to LTIR. It will open 3.985M more cap space (total contract values - waiver reliefs).
E) Then you'll star using the LTIR extra space by calling Howard Back. You call Larkin back, you call Miller back, you call Athanasiou back.
And there we are. Ready for the season.
***
Boston did this suffling every summer when they had the Savard contract. Same happened at Philadelphia with Pronger contract.
But I already can feel how people will freak out when Larkin is technically sent to AHL for 1 day (weeks before the league even starts).