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On the news on CTV tonight their sportscaster said he doesn't believe that Burke refused to make a deal for Luongo and thinks that it is far more likely that he did work out a deal for Luongo and that the Board balked due to the price it would cost both in assets and money. He said that was the final straw.
The claim that Burke refused to give up Kadri, Gardiner, and whatever else came from Bob McCown but even other analysts (Shannon. Cox, and I think a couple of others) on the same channel/show said that he (McCown) was the only person in the media who was saying this and that they didn't believe him.
I think Burke knows better than to dish out assets flagrantly, especially after Kessel. And I don't believe the board would care about the money. Cap is the cap. Luongo acquisition would bring lots of hype and would more than likely sneak us into the playoffs. A few games would bring in more than enough revenue to justify his contract. And what does MLSE know about players as assets?