Zarathustra
This is not my hat.
If Torts finds a new NHL job, Canucks doesn't need to pay him right or does he get two paychecks? If Canucks no longer needs to pay him, if you're him, you give up all that money to coach Columbus? Don't think Columbus will offer him anywhere close to what Van gave him. Or for Torts, money isn't an issue and getting another shot to coach in the NHL is what counts?
Columbus would give him exactly what Vancover gave him. The contract is guaranteed. There'd be no reason for him to sign somewhere for less money, especially considering the length of time Vancover signed him for.
In fact, the contract might actually be "traded" per-se. That I'm not sure about though.
Edit: after re-reading your post, I think that's essentially what you were saying.