It depends I guess on a few things:
1) Is the NHL trying sneakily ban Raffi from the NHL
2) Is the NHL trying to punish the Sharks as much as possible (not just cap hit)
3) Is the NHL only interested in punishing Raffi and does not blame the Sharks.
Just speculation, but the parties in this dance have to pick sides now. The parties are DW, NHL, PA, and Raffi.
Despite the impact on Torres, it's the League in the most tenuous spot. I believe an argument can be made the CBA isn't clear and the League is abusing their authority to single out a player and end his career.
If that's a risk to the League, I'm guessing they will want to make nice with the Sharks who could be a party in Federal Court to a suit. Granting the Sharks some relief in the matter in exchange for going along with the program would be in the Leagues best interest.
Torres has to appeal. The League might reduce the suspension in exchange for Raffi going along with the program. The PA probably prefers that too because they are conflicted defending Raffi, but don't want the League to set this precedent.
In the end, I would speculate the League stays out of Federal Court by cutting Torres suspension, the Sharks get both cap relie in some way, and the roster spot back. Raffi gets a shorter sentence and we see him on the Sharks again this year.
I'm guessing there is also some discussion with Raffi that any subsequent blind side hit or head shot will be an automatic one year ban.
Speculation but I can only imagine the intrigue playing out in back offices.