I'd try and keep the first if he can't play and just offer up a group of maybe's. Between Stanley, Green, Harkins, Rosie, Appleton, Niku, Spacek, McKenzie, Nikkanen, Wong, Blaisdell there has to be some combo of guys that would work to have them take Little's LTIR off our hands.
I think you ask them what they want and go from there. We don't have too move Little. So Seattle doesn't have us between a rock and a hard place. We don't have to protect him. The idea here is that they help us and we help them. They can't strong arm us into anything because we don't need them to help us. We can still manage to navigate the cap without them even if it remains stagnant at least for now.
Lowry will be a UFA then so go ahead and take him and watch him sign with another team when he becomes a free agent less than a month later. Potentially even us.
The only guys that will really be exposed currently under contract or RFA's are potentially for forwards; Copp, Roslovic, Harkins, Appleton, Spacek, Little and Suess. And defencemen; Stanley, Niku, Dahlstrom, Green and Nogier. And for goalies Berdin and Comrie.
And we can protect at least 2 of the forwards and depending whose under contract we either protect DeMelo or one of those defencemen listed. So they aren't likely getting a high end player out of us and if Little is on LTIR then they likely won't take him at all and we are just sitting on opened cap but dead money. Something teams up against the cap are always willing to take on. A team like Toronto would likely pay us something to have that contract with a late pick going back similar to their Clarkson deal, it wasn't much but it was something and allowed them to go over the cap a little.
We could easily sweeten the pot for Seattle. If Copp is angling for free agency or a trade we can move him to Seattle instead of protecting him if they take Little. Otherwise we can offer up more than one of the exposed players to have them take Little. Either you get someone like Harkins or we give you Harkins AND Stanley to take Little and then you can flip Little to a cap strapped team if he can't play or if he can you keep him. Seattle stands to gain far more by dealing with us with Little or they can just take one player. Either way Seattle really has no power over us.