If Schenn is available in the expansion draft I would be shocked if Seattle didn’t take him.
I see no way that Seattle wouldn't take Faulk and his contract over Schenn and his contract, if both are made available, especially considering the value of top-pairing defensemen around the league. Ron Francis has history with Faulk and knows how much the team and community have loved him. Schenn is always going to have the Dustin Brown-risk with that contract. I just can't see it.