And Kings accept this trade with what money?

Los Angeles is over the cap. Fa-gem-o doesn't count against the cap and Schwartz has a cap hit of $5.5 million.

Not sure I understand what Seattle gets out of this that they don't already have.

I'm confused...why would SEA do this?

Seattle has a few too many wingers right now, but also Schwartz's deal is kinda bad. It's not like a bottom 10 contract in the league or anything, its just that 5.5 mil for 3 more years going to a 31 year old when you have guys like Beniers and other expiring deals to sign isn't the best. And for Seattle's LW they have to find ice time for Kartye, (leafs legend) McCann, and Tolvanen in the top 9.

LA doesn't have space to absorb Schwartz's iffy contract either. It's not a problem yet for the Kraken either. It would be easier to trade him next year if they want to with a year less term and a bump in the cap.