It just smells circumventing the cap. Just like Letang did. Treliving will let the NHL figure that out though. Let’s be honest, what Detroit just did is circumventing too. They could’ve paid Kane the guaranteed money. They got other plans up their sleeve though.
My guess is, this is something that gets brought up in 3 years let’s say. Whenever he calls it quits. If he plays only 1-2 years, they’ll clip the Leafs for it. If he plays 4, probably nothing. Just like Letang. The league will keep an eye on it.