This is a deal I'd do.

Larsson signed an extension after going to the Kraken, so why does he waive?

Muzzin probably doesn't waive either even if his career ends up being done which would remove the need for him to relocate if traded. He likes to be around the team and they like him around too, and that can't happen if he's a member of the Kraken.

Yes it can. Pronger was working for the NHL when his deal was traded from Philly to the yotes

And for the Leafs there is value in not having to carry ltir

He signed a deal not an extension. He was a pending Ufa. It's a year and a half later. I have no idea his wants. But having an ntc doesn't mean someone doesn't move. Just they control it

Being a part of two organizations like the Flyers and the NHL is much different than being a part of the Kraken organization and doing pro-bono work or hanging out with the Maple Leafs organization.

Yes, there is value in not operating in LTIR since they can accrue cap. I'm not denying that.