What you guys are missing is that this is not the long term outlook. Tavares has 2 years left. If the season ended today as per the discussion, that would be 1 season. So we have 1 season where things will be tight, and Matthews, Marner, Nylander, Bertuzzi, and Rielly locked into term (under this hypothetical). We also have prospects graduating and filling in ELC spots.
The cap allocation is naturally being fixed and healthier over the next few seasons. You are ignoring guys like Knies and Niemela coming up on ELC's and Joe Woll's. We have several prospects on the cusp who will fill depth roles.
For fun I used a 95 million cap in 2025-2026 with these hypothetical cap hits. The roster with Matthews(13.25), Marner (12.5), Nylander (9.5) Rielly (7.5), Jarnkrok(2.1), Kampf(2.4),Reaves(1.35 could replace him in UFA easily as well if he sucks for that price), and Knies(3< bridged) they would have 49M in capspace to fill 5D, 2G, 4F
And that ignores players like Woll getting bridged or Samsonov being extended if he plays well, Liljegren and other young dmen taking spots for affordable rates. Maybe Tavares comes back and would be quite cheap and he likely does a Spezza/Gio for us.
Basically, every year after that the cap outlook gets better and better. The Leafs may have a tight 1 season, but to pretend this is how it will be going forward is being disingenuous.