I wouldn't be afraid of it at all. Toronto needs cap space. they have just under $4.6m in cap and look to be losing Barrie and Ceci from an already weak blueline. They could look to fill it on the cheap and with kids, but I don't think reilly and muzzin are good enough to weather the storm and have that club a serious contender while sandin, liljegren, and dermott work and build their games back there. They would probably try to flip Nylander for a D before dealing him for cap space, but I'm not sure that's going to be an easy deal to make. But if they can clear cap space and sign Pietrangelo...yeah, I think they could then back fill on the cheap and pull it off.
Kapanen is a nice player, but I think we can find good middle6 guys ourselves.
He's owed $9.5m over the next three years. To hell with pride, that's a lot of money and I don't blame him at all if he doesn't want to leave it on the table. I'm hoping this long layoff will give him time to maybe get a bit healthier and work harder on getting his legs back. He might not bounce back to a 13 minute, 3rd line guy but I don't think it's crazy that he could be a 10 minute a night, 55-60 game 4th liner. And if he shows up, does the work, and helps set the right example in the locker room, take it for what it is and ride it out.