What if Setoguchi doesn't get an offer sheet from another team? We made him a QO so he won't be a UFA. Does that mean that he stays with the team at his current salary and becomes a UFA next year? If so, do you think DW might sit down with Seto and explain that to him and let him know that he will get the pay raise next year? After all, our UFAs next year are Thornton, Wallin, Nichol, Huskins along with Demers and McGinn as RFAs.
I don't know how the CBA works so this is just thinking out loud. If this is the case, then we still have $9M to work with (or 7 if you expect Malhotra to sign)