We may have killed our cap space

You can easily get a first rounder for Faulk though. Retain some salary and I'd imagine TB happily gives you one of their first as they now have two.

Not sure we can retain salary,

Say we retain 1.8 mil.

that leaves us a little over 2 mil to sign a bottom six winger.

we won't replace Ferland for that, and now we've lost Faulk

the team looks worse than last year.

that's putting a lot of faith in prospect to step in and produce immediately, which ids never a good idea

Adding Baertschi doesn't save you any more money when comparing to moving him with salary retention.

Depending on Point's contract, you might not have to retain and TB will still give you a first, gladly. Faulk fits their D and is well priced for a TOP4 D.