I think MS covered all this a few pages back. Opening up capspace really shouldn't be a huge issue assuming they're open to buyouts, retention and moving some picks here and there. The issue will be a lack of assets(those picks needed to move contracts also come in handy acquiring players) to actually constructively build the team.
Assuming they bring back the same roster
RFAs: qualifying offers for rfas.
UFAs : Schenn $2m, Horvat $8m, Kuzmenko $7m.
The 23 man roster is at $88.96m + Poolman's $2.5m LTIR. Cap is expected to be around $83.5m, they are $5.5m over
Salary options to move
Boeser $6.65m
Garland $4.95m
Pearson $3.25m
Myers $6m
OEL $7.26m
Obvious ones
1. Get salary cap compliant.
Boeser out, Podz in. Salary cap compliant
2. Get some cap breathing room and open some spota
$6m Trade Myers after bonuses.
$2m don't sign Schenn
$3.25m Pay a 2nd to take Pearson
$11.25m cap to get 2 top 4 Dmen and a genuine 3C. Going to be tough. Garland is an option but OEL being dealt with would be the biggest outcome.
The question is who and how much?
Fantasy scenario
Trade Horvat Kuzmenko for fat hauls
Re-sign then as UFAs
Trade Myers
Use the haul to move Pearson, Boeser and OEL.
Nightmare scenario
Horvat and Kuz leave as UFAs
PA spends the cap on a washed up 2C and tweener