I'm not going to quote everything from you're pretty fair assessment across the board, just wanted to respond to a couple of items.
Quoting: BeterChiarelli
Why is the expectation that Edmonton pays a king's ransom for a virtually identical asset?
Goalies are, more than other players, a "what have you done for me lately" position. Even if they've got similar numbers over the past few seasons on average, Elvis has been on one of the worst teams in hockey with one of the worst defensive systems, all while personally struggling with the death of his very close friend and being a new father. Campbell has played on two of the best teams in hockey over those years, with arguably the best forward cores league-wide (and, admittedly, some of the most questionable defensive). They get compared because of similar age and contracts, but calling them identical assets ignores a lot of the nuanced context.
Edmonton is expected to pay a king's ransom because he's been so unprecedentedly, unusably, incomparably bad...even though I'd expect (and hope) he rebounds...on a team right against the cap with incredible pressure to win now, with no other options. Teams are looking to take advantage of that. If you're struggling, the rest of the league doesn't throw you a life vest, they throw you an anchor.
Quoting: BeterChiarelli
As it stands I don't see how the deal extends beyond Campbell and a third round pick for Merzlikins straight-up. If the intention of the Blue Jackets is to buy Campbell out at the first available opportunity, that's fine, but it's their prerogative, not Edmonton's...I think discounting the idea that a Blue Jackets squad already looking to punt on the season not kicking the tires on Campbell and giving him some runway because you think the player stinks today is a bit short-sighted.
I think Columbus balks at just a 3rd-rounder for Campbell. Even if Columbus is punting on this season, there's no reason to swap your starter who's been lights-out this season for a project goalie who may or may not return to form
unless you get a massive haul to do so. If Edmonton walks away, that's fine, we're not the ones who need to make a move. And a buyout is something that CBJ have to consider and factor into the total cost of acquisition, which Edmonton pays for whether or not they're told they are.
Quoting: BeterChiarelli
I fully agree that withholding salary is going to cost an asset or two, which is why I stated that the only feasible way I see Columbus getting any sort of first round pick in this sort of deal is if they are retaining somewhere around that $1.6M annually. It cost the Leafs a first round pick for the Hurricanes to eat a $6.25M cap hit (Marleau), and I'm offering an equivalent asset for doing less of a favour for Edmonton as that 30% figure results in an even $6M over the life of the deal.
It cost the Leafs a 1st to get Carolina to eat $6.25M
four years ago. Asking the same price now, given the flat cap issues, plus the fact that it's $6M over 3+ seasons (which is worse because now you're also eating up 1 of 3 retention slots for an extended period) is optimistic, to say the least.
Quoting: BeterChiarelli
Provided that the league appears to be out of the flat-cap era, I don't think the twin sources of dead cap should hurt the Jackets too much, the final year of the retention lands in the first year of Fantilli's and Jiricek's new deals, and there should be at least $10M more on the salary cap than there is today...I have a feeling the Jackets will be fine in the long run, even if they intend on retaining up to 50% of Merzlikins' deal.
That might be the case, but you can't make cap-related moves now with the hope things will be fine 3 years from now. The team, and the whole front office, could look entirely different by then. And most importantly, teams like Edmonton and Toronto are showing exactly why cap space is so critical, and making moves with long-term cap implications is so dangerous. To bail Edmonton out of their self-created cap issues, and also risk being in the exact same position down the line, Columbus should demand a ransom imo.
Quoting: BeterChiarelli
I'd only make the above deal if Columbus is retaining that 30% I mentioned earlier, and I'd probably offer Bourgault instead of Broberg.
I think Columbus, and specifically Jarmo (who's a tough trade negotiator and currently fighting for his own job) outright rejects that, simply because it would be a move that hurts us in the short term without significantly improving the long-term.