overpay

Yes from pens. As a penguin fan I don't even value Murray that much .

I'd say you're about $1.5M shy on Murray (at minimum) and at least the 3rd round pick over. Pretty close with Mangiapane and Gustafsson.

I can't even begin to explain how much more beneficial to the Flames it would be to have Phillips over Rinaldo in their roster on a nightly basis. Rinaldo is a dead breed and should genuinely consider employment in Europe. Phillips would be at worst the heartbeat of the Flames' #2 power play unit. Best case scenario is that sheltered minutes turns him into a 5v5 production machine out of nowhere similar to Jooris.

Assuming three scratches at no more than $850k each and the extra buck and a half to Murray, the Flames are bang-up against the salary cap with no proper #2C and three right-hand shots throughout their forward core (assumes Phillips). Is there value to be had in this team turning the pair of Bennett and Mangiapane into - at minimum - two right-hand shot forwards? Say, a Kapanen and Jarnkrok? I don't think the cap exists without trading Gaudreau to address the gaping hole at #2C, but if Calgary could acquire some half-assed right wings, pushing Lindholm back to pivot is at least feasible.

jankowski & parsons have no value but its still an overpay

Yeah, it became quickly apparent that we're very tight on cap space however things shake out in the fall.

Phillips is a good note, I forgot about the season he had in Stockton. Mostly I was just quickly filling those last few spots.

I'm keen to hang on to Mangiapane given how steady his development has been and chemistry with Backs and Chucky but I agree that Bennett might have value elsewhere? Kapanen and Jarnkrok are players I wouldn't say 'no' to in a trade but it would really come down to what they'd cost; I've seen some absurd prices for Kapanen here :P

I don't see why a straight-across Mangiapane-for-Kapanen deal doesn't work for both sides outside of the salary snag for Toronto. He'd be a quality piece to add to Toronto's top six in lieu of a Hyman or Mikheyev.