Someone brought up a 3-way Karlsson trade a few pages back.
My idea would be:
- Karlsson to Ottawa.
- Chabot to NYI. (Maybe Roy still likes him?)
- Mayfield to PIT (He is NYI's Cody Ceci now and is signed forever. Has a NTC, but maybe he would waive for a change of scenery after a tough year. Pittsburgh is unlikely to care about his term because they are in win now mode.)
The logic of the trade would be they all prefer those different D to the ones they have now, and Pittsburgh prioritizes short-term cap space to load up the team for Crosby and Malkin over the next 2 seasons over long-term cap space when they will be rebuilding anyways.
Then some moving parts have to be included to make it cap in/cap out for everybody. Something along the lines of Pageau out of NYI, Korpisalo out of OTT, and Smith.
Something like:
- Karlsson+Smith (@ 2.5) to Ottawa (12.5M in 12.5M out this season) (32.M in total, 48M out total)
- Mayfield+Korpisalo+Pageau to PIT (12.5M in 15M out this season) (51M in total, 35M out)
- Chabot to NYI (8M in 11.5M out this season) (34.5M in total, 31M out)
The Islanders retain 2.5M on Smith's 1 year contract, because they are dumping Pageau's 2 year contract.
The trade would be made with the understanding that Pittsburgh is going to buyout Korpisalo which would save them an additional 3.67M this season and 3.17M next season, to actually make it about 8.83M in and 15M out. That is hugely beneficial to Pittsburgh since it gets them enough cap space to go out and acquire another star player.
Ultimately, when you look at the above calculations, it's obvious Pittsburgh is getting the worse situation long term money wise, so Ottawa sends Pittsburgh the Boston 1st, and NYI sends PIT a 2026 3rd.
At the end of the day, Pittsburgh adds Mayfield and Pageau to their roster and can turn around and flip the 1st+3rd to acquire a star player with their 6M in new cap space. The big thing to consider why this works for Pittsburgh is because they are going to value short term cap space and competing now over the liability of Mayfield being on the books long-term.
Ottawa gets their veteran forward in Smith, they move on from Chabot, and they bring back Erik Karlsson which will sell a ton of season tickets after a disappointing year. This costs them a late 1st, is cap neutral in the short term, but saves them a boatload of long-term cap space between Karlsson's contract ending 1 year before Chabot's, and getting out of the Korpisalo contract. Almost think of it like Karlsson for Chabot is a lateral move cap wise (30M owed for Karlsson vs 32M owed for Chabot), and the Senators pay a 1st to trade Korpisalo for Smith @ 2.5M.
The Islanders turn Mayfield into Chabot for a 3rd, and get out of 7.5M of Pageau's remaining 10M in salary. Mayfield's contract was already looking like it would be a long-term liability, so that cancels out Pageau being overpaid.
Most importantly, everybody dumps/shuffles around their bad contracts to make each team better without having to burn retention spots long term. There is only 1 retention spot used in this trade (NYI retaining on Smith) and that expires at the end of this season. There is dead cap on Pittsburgh via the Korpisalo buyout, but that isn't nearly as limiting as burning a retention spot for 3+ season would be.