It's funny, the more I look at this roster, I start to think that the Rangers brass would be perfectly acceptable with 2020-21 being a transition year. Even if you don't factor in the shortened season due to COVID, a transition year allows them to get rid of their short-term financial restrictions and get a better picture of how some of their young pieces fit into their long-term core moving forward. Looking at their roster, it's surprisingly easy for them to just bring back essentially the same team and bank on natural player's progression being their added value for the offseason. There are some obvious caveats to this plan in order to deal with the flat cap issues: Staal needs to be bought out, Strome needs to be signed to a 1 year deal, and they need to get creative on Tony's next contract. Maybe they can figure out a way to sign him to a backloaded deal like McAvoy/Werenski within the bounds of the new CBA. The rest of the lineup can be filled out with cheap depth, but I think factoring in Lafreniere and natural progression from Buchnevich, Chytil, DeAngelo, Gauthier, and Kakko puts them in a good enough spot to still be competitive next year. They could roll a lineup like this:
Kreider-Zibanejad-Buchnevich
Panarin-Strome-Kakko
Lafreniere-Chytil-Gauthier
Lemieux-Howden-4RW
Smith-Trouba
Lindgren-Fox
Hajek-DeAngelo
Igor
Georgiev/Lundqvist
The lower-end depth is still really weak IMO, and they'd be banking on their top-6 carrying the load again. If this is meant to be a transition year, I think that ends up being a fair enough lineup. I also tried to not over-project younger guys like Barron and Miller winning spots, and it's obvious that LD is still a glaring need.