With 5M per, compensation would be a 1st, 2nd, and 3rd rounder in 09. That rules out:
BUF (09 2nd traded in the Rivet deal)
VAN (09 3rd traded in the Bernier deal)
MIN (09 2nd rounder in the Zidlicky deal)
PHI (09 2nd or 3rd in the Prospal deal)
CGY (09 3rd in Vandermeer deal)
ANA (09 2nd in Sutherby deal)
NYI (conditional 09 2nd in Nokelainen deal; condition was met)
also, WSH gave up a 2nd in 09 for Huet, but I don\'t know if it was its own or the one it got from ANA for Sutherby.
There were also conditional draft picks traded away by PHX (Montoya), CHI (Craig Adams), DAL (J Timmonen) which I don\'t know anything about, but doubt they were in the top 3 rounds.
So VAN is out, TBL still possible, though it makes no sense for them to do this if they\'ve given up on Boyle for money reasons.
OTT shouldn\'t match; they don\'t have the cap going into the future. If they match this, they will not be able to compete for anything for the next 3 or so years barring trading away one of the big 3 forwards. Take the draft picks and run.