San Jose trades away: Karlsson, with 33% retained and a 3rd this year and get back Robertson and Malgin and a 2026 2nd, given that they are only retaining 33% so they are giving him away at a $7.65M cap hit the return seems fair. They get a chance to give Malgin a chance higher up the lineup like they did with Barabanov who they Leafs gave them for cheap and who then became a solid top 6 guy and they get a top prospect in Robertson who fits into their rebuild and can be in their top 6 for the next decade. Given the way the Burns trade went the value here is better for San Jose when you consider cap hit, Karlsson's age/skill and the return.

Arizona retains 50% of the remaining $7.65M, makes sense for them as this was a front loaded contract so they get more money towards the cap then they spend, they also get the Toronto 1st for their troubles.

Chicago then retauns $1.8M of the $3.8M remaining and get the Sand Jose 3rd for that which is an early third in a deep draft and the Toronto 2nd. Again they actually pay less than the $1.8M price cause of the way the contract is structured