Lets start with the smallest issues
For Lizotte a $1,675,000 qualifying offer is required to retain the RFA rights.
PLD/Ullmark trade is nonsene, because Ullmark does not want LA and LA should not want that deal either now, after Ullmark reportedly declined a trade to LA/West Coast.
Actually, I am pretty sure that the Kings can get a late 2nd round or early third round pick for Kaliyev. I definitely don't see them wasting a 4th rounder. That would be a huge steal for Bufallo.
You gotta love Martinez as A Kings fan, but he turns 37 before that season. I think it's too risky and I like the Englund contract much better and to save $3,000,000 on top of that.
I think Spence can sign for +/- $2,000,000 for a bridge deal. If you can sign Arvy for $3,000,000 and he stays healthy, that is going to be a steal