Hjarmarsson has reportedly told the coyotes that he won’t waive his trade clause period.

I thought playing in Toronto was the dream of every player ever

Coyotes definitely reject 20M in Lundqvist , Smith , and Trouba for 14M in OEL and Stepan Coyotes cant afford that

Smith's only for a year though. If they want to re-gain draft picks without trading their young core, they're gonna have to take on short-term cap dumps

Trouba has pretty much the same contract as OEL and id take OEL over Trouba

Trouba is only owed $2M this year. And 8,6,8,6,6 after that.
OEL is $4M remaining this year, then $10.5, 10.5, 10.5, 8, 5.25, 5.25

This year, probably the most important: they send out $6M obligation for Trouba (2), Smith (2.35), Hank (4.5, if he plays). After that they definitely save money.

Managing the cap this year would be extremely difficult. I think you tell the Rangers that Hank is their problem, not yours. Or at least make them retain. Without him, it saves you over a million this year, and substantially in the future even with him.

I also think if Arizona is eating Smith and/or Hank for the year, they'll want a NHL-ready guy like Howden or Gauthier included.

Teams struggling financially don't have the ability to take on cap dumps.

The point at which the Rangers trade would make sense for Arizona is leaving Lundqvist out and retaining $1.45 million (1/3) on Smith. But that leaves NY in a deep hole a few years down the line.

I don't think that this is a workable scheme no matter how you massage it.

Edit: I had forgotten that the signing bonuses have been paid for this year, which has a huge impact. Arizona owes the three players $8 million for the balance of this year and would owe the three Rangers only $850,000 more. That outlay this year is certainly better than the $15 million difference between OEL's compensation and Trouba's package. I withdraw my criticism of this idea. You've really uncovered a good plan for Arizona. Now the question is, would it be good for NY?

Calgary gladly accepts