I really hadn't been paying attention to things until mc79hockey wouldn't stop talking about Kadri's negotiations on twitter. I also figured that compensation would be really steep to get anybody good, the 4 1st round picks kind.
Then the other day I decided to look into it and noticed that you can offer an RFA a lot (5M) with only giving up a 1st and a 3rd. Given that if you care that much about somebody they were probably a high first round pick anyway, it seems like a sensible thing for a team with cap space and cash to do. You avoid the risk of a serious bust, and possibly get someone who was way higher than your draft spot was. Ok, so he went one spot above Scott Glennie. But knowing now what we didn't know then, paying a 3rd would have been so worth it.
Of course, the rediculous cap situation the Leafs have gotten themselves into and the artificially low 1 year cap made this even more tempting. I don't think we're going to see this situation again.
By sending down Mueller and McDermid and using all of our bonus overage this year, it looks like we can offer a 3.8M AAV and have about 1k in leftover space. I don't think that would get us anybody exciting enough to go through it all.