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Well we need the cap space for the year when we're re-upping Hughes and Pettersson. With cap staying where it is for the next 2 years, it is going to take an overpayment to get Eriksson's contract off the books (without us retaining). We're actually getting a high 2nd rounder back from OTT, which is essentially a first. I actually don't think it's an overpayment, if anything I'm not sure OTT will go for the trade.
I actually had Sutter in a trade instead of Loui where I was retaining 2 mill on Sutter and sending him to EDM for a pick. But getting Sutter off the books doesn't help us when re-signing the 2 big ticket RFAs so I went back to Loui.
EDIT: And that trade actually fixes our salary cap issues for the future. We would still probably lose Pearson when his contract is up but we have some young kids coming up that can replace him like Podkolzhin who plays a somewhat similar game.