Lol, you people and your overdramatization.
We are fine with the cap. There are plenty of ways to get additional cap space, but our team is set for the season so not sure why we would need it.
As for people clamoring on about why we spend so much when, by their flawed estimations, we are a "perpetual bottom-10 team", cap space really has no correlation at all to how good a team is.
As for why Toronto has a high cap hit, it is not because we have a multitude of horrible contracts. It is because the players that we have locked up on contracts are our top players that will command the highest dollar.
Unfortunately, we are also in that phase where our best prospects are either in the NHL already or a year or 2 from being ready. This means that our bottom players, which would normally be filled in with super cheap ELC contracts have to be filled in for a couple seasons with seasoned players on 1-year contracts.
The only contract we have that is untradeable and above market value is Clarkson, and for all we know, that could change by the end of next season. If you think anybody else on this team is overpaid by any detrimental amount, you are sadly out of touch with current market trends.
Next year, Santorelli, Winnik, Booth, Kontiola, Orr, Bodie, and Franson will likely be off our books, filled in by cheaper prospects, and the cap will go up by as much as 5 million. Nothing to see here but a bunch of the usuals trying to incite fear in the gullible.