For fun. Obviously Dean and Darryl would kill to get the guy on our team, though doing so is next to impossible without us creating holes in other places outside of Iginla taking a discount, but if we sign him to fair value, we'd look something like this:
Would have to say good bye to half our RFA's, unless we could stuff them in the minors, which is a waste and gamble. Would likely have to get rid of King and replace him with Clifford, and we couldn't carry a backup player outside of Kozun which would put us right up there, but would be legal.
The trick up our sleeve that would actually allow us to pull this off is Willie Mitchell and our compliance buyout. If Mitchell should retire or if we decide to use our buyout, suddenly we could afford him, however, we would then have to decide on Scuderi, if he comes back for the same price, then we would look like:
If we decide to lose both Scuderi and Mitchell and accept the hit on our defense then we would look like:
Which does give us cap space and players eligible to trade to try to rectify the hole, but it would be a toss-up. We'd likely have to make another Regehr trade and deal Amart + 2nd for a mid range defenseman.