If Kane goes on LTIR and the team knows he's staying there until the playoffs the Oilers are pulling the trigger on a Ristolainen deal with Philadelphia retaining 1.1M making Risto a 4M cap hit for 3 years. Kulak and a bunch of futures to the Flyers.
And some clearly don't understand if Kane goes on IR the Oilers don't magically accumulate more cap space for the deadline. They accumulate the exact same amount as they would if Kane was healthy for day one of the season.
The last paragraph is wrong, or at least not clear.
First two lay term definitions:
IR = Injured reserve, usually used for short term, the player still counts against your cap, you don't get any extra space, but you can accrue any natural cap savings that you have.
LTIR = Long Term Injured Reserve, is as it sounds... the player still counts against the cap BUT you also get a buffer amount equivalent to their salary that you can spend above the cap. But only until the player comes back. You also do not get credit for any cap savings that you have (since you've already been given this buffer overage)
If Kane DOES NOT go on
LTIR (instead goes on IR): then we CAN accumulate cap space. We are currently $945K below the cap. If we still have that $945 saved up at the deadline, then it equates to $4.5M in annual salary... so we can add a decent big fish.
If Kane DOES go on
LTIR: then we CANNOT accumulate cap space for the deadline. We CAN replace Kane's $5.1M in a dollar for dollar way (we essentially are allowed to work within a cap of $88M + $5.1M = $93.1M but ONLY until Kane comes back... when he comes back we need to be cap compliant at $88M so whatever player we replaced him with needs to be gone). That $945K doesn't accrue and grow for the deadline since you are not allowed to accrue your extra space if you are making use of
LTIR.
However there is a third option:
1) DO NOT put Kane on
LTIR: accrue that $945 until Feb and make a splash... add a $4.5M player.
2) AFTER you acquire the player, it if seems likely Kane is still out till playoffs THEN put him on LTIR to gain $5.1M extra space. Now you can go out and get a 2nd player at the deadline.
3) This is a best of both worlds situation... since we don't NEED to LTIR Kane, then we shouldn't since it let's us accrue that $945K until the deadline... It lets us add a $4.5M player AND a $5.1M player.