Wait why is Corrado going on waivers? Unless we acquire another defenseman Corrado is our 6/7 guy.
Reilly - Hunwick
Gardiner - Zaitsev
Marincin - Polak
Corrado
He doesn't get sent to the minors unless 1 maybe 2 guys beat him for a NHL job THIS year. And even then we likely trade Polak or Hunwick for assets like we have been doing the last few years before waiving Corrado anyway.
As for Pavelec, if we wanted an expensive backup goalie we would have kept Bernier. Yes technically you can argue it was a cap thing and we could take on Pavelec if Winnipeg is willing to take on a Greening or Michalek but only if they also sent us a decent asset to do so (think like the Laich deal, selling us cap you won't use for a piece you will use, Winnik in this example).
Pavelec, Armia, 2018 2nd
For
Michalek, Corrado
Personally I would just remove Corrado for Armia as we won't waive Corrado baring another signing or trade and if you are waiving Armia then we have first dibs since we were 30th.
Obviously Winnipeg has no business doing this deal and giving up a 2nd for a rental cap dump but history shows this is the cost (Laich, Savard(surprisingly)).