First of all, Elder is one of my favourite D-Men in Canucks franchise history.
He has been a staple on the top 4 for the last 10+ seasons.
That being said... He cannot be an asset that is protected from the expansion draft.
If Elder not willing to accept a contract without a NMC or NTC then BYEEEEE
I hope he resigns, and i would hope he makes $$$$$$$ for 2-3 years. But, there's a FA that the canucks can sign for more money who is equal or better and wont need to be protected.