Let's look at the buyout scenarios.....again.
2019-2020
Giradi = $3.611m
Beleskey (buried) = $.825m
Staal = $2.9m
Smith = $.970833m
Spooner = $.3m
Total Dead Cap Space = ~$8.6m
2020-2021
Girardi = $1.11m
Staal = $3.7m
Smith = $3.145m
Spooner = $.3m
Total Dead Cap Space= ~$8.255m
Key players to sign = Lemieux (maybe), ADA (maybe), Georgiev, Strome
Players off the cap = Kreider, Namestnikov, Fast
2021-2022
Girardi = $1.11m
Staal = $1.2m
Smith = $1.1456m
Total Dead Cap Space = $3.456m
Key Players to re-sign = Hajek, Chytil, Andersson, Howden, Buchnevich
Players off the cap = Shattenkirk, Hank
2022-2023
Girardi = $1.11m
Staal = $1.2m
Smith = $1.1456m
Total Dead Cap Space = $3.456m
Key players to re-sign = Kravtsov, Kakko, Zibanejad, Fox, Lemieux (maybe), ADA (maybe)
I really think it's better to continue accumulating assets when possible (wait to trade Namesnikov and Kreider until they get fair value) and just bite the bullet on the buyouts. They have room this year to carry both the Smith and Staal buyouts. They will have room next year as well, no issues there based on who they need to re-sign. After that, the 'dead cap space' is pretty minimal.