Yeah he's too old for an ELC. His contract would be able to be buried up to like $925k or whatever the current max is, unless I'm missing something on that. He's also almost certain to have an out clause in his contract where he could get out of his deal if he was assigned to the AHL.
It's all speculation though. We'll see, whenever he signs.
The players salary cap hit, minus the sum of the minimum NHL salary for the respective season and $375,000, still counts towards the team’s salary cap total.
The cap hit relief is therefore equal to the minimum salary of the respective season + $375,000:
2014-15: $550,000 + $375,000 = $925,000
2015-16: $575,000 + $375,000 = $950,000
2016-17: $575,000 + $375,000 = $950,000
2017-18: $650,000 + $375,000 = $1,025,000
2018-19: $650,000 + $375,000 = $1,025,000
2019-20: $700,000 + $375,000 = $1,075,000
2020-21: $700,000 + $375,000 = $1,075,000
2021-22: $750,000 + $375,000 = $1,125,000