ElectricPreds

I think that this works for Tampa, except that they would insist on a good prospect like Trenin or Farrance rather than a rental over-ager.

Preds decline. They're all nice players coming back, but why give TB a 1st for helping them out of their cap situation? Cernak doesn't really make sense for NSH either. Fabbro isn't a 7th defenseman and pushing him out of the lineup isn't going to help his development. It also leaves NSH with five defensemen that would need expansion protection.

Also, there's no way Perry would be accepted in that locker room.

If Corey Perry became a Pred, I would give up my season tickets. Also, don't give up a 1st to solve TB's cap problems. If you're getting Cernak, may as well send back Fabbro because the message at that point is he's not cutting it.

What? Literally all 3 of those pieces are worth that 1st alone

Gotta disagree with that. Killorn won't get close to a 1st right now, with the flat cap and Tampa's situation. Cernak might be worth that to the right buyer, but as I said above NSH doesn't have a spot for him. I know TB gave up more than a 1st Coleman at the deadline, but they overpaid by a lot. A 1st is too much for one year of a guy who'll get you 30 some points. NSH already brought Kunin in for that spot on the 2nd line (just noticed now that the OP didn't sign him here).

The overall value here is tilted in NSH's favour, but it still doesn't make them a real contender. It does max out their cap space, complicates their expansion list, and gives up a 1st they really shouldn't be parting with though.