Forget about the UFA sweepstakes. There's only a few players out there that are potential game changers.
No, the action will be in the RFA market. There are TONS of names out there, and they will get action, particularly if the pay is under $3.2 mil per year.
Here is the RFA offer sheet compensation table for this year (in $mil per year)....
Under 1.1: Nothing to be given
Under 1.6: 3rd round
Under 3.2: 2nd round
Under 4.7: 1st and 3rd
Under 6.3: 1st, 2nd, and 3rd
Under 7.9: 2 x 1st, 2nd, and 3rd
Over 7.9: 4 x 1st
Now, teams have to have THEIR OWN picks available to sign offer sheets. That will take some teams out of the mix immediately.
Another factor will be teams that are under the floor. They will be a major players for these guys. Given that the RFA's are relatively younger, it won't be about winning a Cup for them as much as it will be "securing your financial future" which a 4 year, 8 million contract could do.
I mention 3.2 b/c notice that the compensation is merely a 2nd round pick. I can someone like Wayne Simmonds getting 3 per for 3 (3 x 3). 3 mil would put a lot more pressure on the Flyers cap sitch than 1.7 for example. If clubs start paying near the top of the compensation range for RFA's from better clubs with tight cap space, then those better clubs have tough roster decisions to make.
As I'm a Kings season seat holder, I ask "how much to re-sign Doughty?". Yea, he's an excellent D-Man, but could L.A. do better with a 1st/2nd and 3rd (or even FOUR 1sts) and the 8 mil per saved, particularly if an Eastern Conference team signed him that might not make the post-season? Should L.A. target somebody like Keith Yandle instead and put the pressure on a financially strapped team like the Coyotes? They could get 4 1st for a 1st/2nd/3rd, save 3 mil per and swap out Doughty for Yandle?
I'm sure you can play the same games with the teams that you follow. So many personnell decisions are made with the cap in mind. Remember this as you play GM over the upcoming fun and loving few days!