There is just no way he takes that deal, I can't see his agent staying silent.
I'm trying to frame this whole thing up in my head over the next few years.
One year gets you having to renew him, Drouin, Palat, Johnson, and making a choice on Boyle. Defensively you have Sustr, Nesterov, and Taormina you have to make choices on. This also means the end of Bishop, if he ends up staying all year. Enough money going out potentially to make it work but I just don't see it.
Two years gets you Vladdy, Condra(well...), Brown, Paq, Filppula, and Garrison expiring. That could be likely 12 million in salary going out, under the assumption that you let Flip, Garrison, Brown, Condra walk, maybe a bit more if you count Paq too.
Three years seems to not make sense. I doubt Kuch would take a bridge deal nor would his agent let him take one of that length. This could be a bit of a gentlemans agreement - we'll give you 5x2 right now potentially with 4m of it as a bonus so you receive it all up front. Set it up the same both years, give him a lump sum on opening night. From there, you work on a 7x7 or 7x8 contract for him (you'll likely have to give him a little more for taking one for the team) and have it ready to go the day he is eligible to sign.
The more I think of it, the more a two-year bridge deal would make sense if he plays ball. That gives you time to hold him (and play him) with two years to un**** your financials and figure out how to eventually pay him, Drouin, Point, and more.