Kind of had a post a day or so about this. With news of significant cap increases in the next few years, contracts like Schenn's no longer have as much negative value. The % of cap will decrease significantly, where during the stagnant cap days, it really didn't change that much.
I think the interesting part is how this impacts upcoming free agents, I think we could see some sign for quite a bit more than they would have the past couple seasons, and that will make comparable vets signed for 2-4 years much more attractive.