I would imagine they'll have a buy out process similar to what they had in 2005. Back then, teams could buy out players at 2/3rds the cost of their remaining contract, which wouldn't count towards the cap but the player couldn't resign with the same team. Back in 2005 the Wings bought out DMac, Hatcher, & Whitney if I remember correctly.
If they buy players out then they lose them so how would this help the teams salary cap situations when they would have to sign someone to replace them? Say the Wild have cap trouble, which they will cause they're currently a couple mil from the 70.2 mil cap, and they have no choice but to buy out a more expensive player or 2 to be cap compliant. Say Heatley and Gilbert, which wouldn't be that bad to get rid of anyways, but that shaves 11 mil off and now they are at 66 mil, they still need 2 roster spots filled with 2 mil remaining on their cap. The NHL's proposal wouldn't work for most teams that have already committed funds to the "already proposed cap" unless there's a salary roll back like last time. It's impossible to shave 12.2 mil without players current salaries taking the hit.
just found this quote in the article provided:
Well, perhaps the easiest way to look at this is in terms of the salary cap. If this deal proceeds as planned, then the 2012-13 cap would be $58 million. Which, by the way, if there’s no rollback of current salaries or other adjustments, would mean that 16 teams are over the proposed cap based on the current figures from Cap Geek.
The Boston Bruins and Minnesota Wild are currently exceeding the proposed salary cap by more than $10 million.
Pretty much says what i was getting at.