I think you'll see Raanta traded at some point, just a matter of time. Among goalie expansion protection slots, he's way better than just about everything else available. Only a couple other teams are even remotely close to having to make a decision at all for that position - potentially Pittsburgh with Jarry and Murray, and maybe Colorado with Grubauer and Francouz. Every one else has an easy, non-hurting decision, or they are a mess at goalie and it doesn't matter what they do. Even if you prefer some of these others to Raanta, odds are that he's in the top 3 of available goalies as it stands so we're losing him.
How he's lost is under Coyote control, however. Trade him to a team with a mess in net and recoup something. He may even be able to be packaged with something to drop more salary. You can also do it after this season if you need the cap-space soon. Otherwise before the expansion draft. Chayka noted he intended to be active leading up to Las Vegas' draft, and he wasn't. I suspect it's because numerous teams acted irrationally and only dealt with Las Vegas rather than performing a more ideal game of musical chairs to move players around to teams that had open slots.
One final option is that Raanta's trade value is low because he's a goalie. If the Coyotes aren't going to get a lot off that, they can just accept losing him in the expansion draft as his value lost is less than what they'd lose from losing an unprotected skater. But that doesn't solve freeing space up this upcoming offseason.
