The Leafs have 25 million in cap space, and that's before the cap goes up which brings it to 30, now you do need to sign Nylander but this 11 million narrative is wrong
It isn't really 30m., if the Leafs want to go into next season with no performance bonus carryover when there are large RFA signings. And to not carryover bonuses, Horton salary has to shown on the opening day roster.
So the reality is the Leafs have 49m spend on 15 players. Add the bonus of two years of about 7m, that 56m
Cap of 80, so that s 24m for 8 players. Assume it's Nylander, Johnson, Aaltonen, Carrick need new contacts. Then it's about 13m for four more players.
Sure it's about 25m....but eight players still have to be signed., It's not like the Leafs have 15m to spend one or two UFAs.
Now if anyone wants to avoid paying the Performance Bonuses of 2018/19 in the current year, then their is about 8m more to spend. But that makes the signing of all the Leafs young players coming off their ELCs in the summer 2019 impossible.