Zero sense in retaining that much on Smith for the return.

Doubt Vegas gives up all of that for Guentzel now. With his injury sidelining him until mid-March, his value may go down to just over a first. May get something like a 1st and Howden. Maybe another 2nd for the 50% retainment that is gonna be necessary.

Kings decline, return player not useful.

Will still be much more than a first if he is moved.

He's expected back at or immediately after the deadline. It will make zero difference on his return value.