I'll preface this by saying that we always see this. The bigger number comes out and then when the player and team negotiate something different, the player looks like a great guy for compromising. He'll sign for higher than Nurse, but lower than 11M.
It doesn't matter if he is only 11M as a product of McDavid/Draisaitl because they intend to re-sign McDavid and they have already signed Draisaitl. If they could easily replace him with someone else who could also be a product of them at a lower cap, they would have done so. Don't mess with what's working.
The cap is going to be 100M-110M very soon.
Another factor is that if Draisaitl, Bouchard, and McDavid take up all the cap space it will help the team because they usually use cap space to their detriment. It will stop them from signing Matt Rempe to a 5M offer sheet or something.