Team: 2019-20 Washington Capitals

Initial Creation Date: Sep. 15, 2019

Published: Sep. 22, 2019

Salary Cap Mode: Basic

This is obviously depending on IF Nashville is a destination on Oshie's wish-list.
(Or when the time comes, could you make a deal with Seattle to get him back to his state of birth, captaining that expansion team)

FOR WASHINGTON,
it would clear up cap space. Smith is a decent scorer who will work for a year, until one of the right-handed kids (Leason/Sutter) might be ready. In an ideal world, I see Panik and Leason as the middle-six RWs from 2020/21 and forward.
Instead of having Siegenthaler or Djoos in the pressbox, a guy like Irwin fits the bill better. Irwin is gone in a year, and Djoos have LHD competition coming in Alexeyev and Fehervary.
After giving up two contracted players (one being an expiring RFA), getting a RFA back would be something. Allard is a right-handed D-man who was a 3rd rounder himself (therefore the pick, if you need a pick at all), with decent size and stats for Milwaukee last year.

FOR NASHVILLE,
Depth D-men like Hamhuis, Irwin and Weber are all UFAs next summer. Djoos would be an upgrade on the third pairing. This trade would leave Nashville in some cap-crunching, I am fully aware, but burying Hamhuis in AHL would solve things.

For UFA Smith, they get a player (Oshie) with several years left on his contract, though his final year(s) might be hard to swallow, I agree.
Overall, both Oshie and Djoos will/can be kept after the 19/20 season. Oshie's contract might be steep, but they're both players with a Stanley Cup ring to their names.

I can also see that Josi is an UFA to be re-signed, and he will demand a huge raise. Maybe Granlund's expiring contract will cover Josi's raise.

Still, I just throw this out there, expecting to be burned for it. :-)