Is the cap situation for the Leafs dire? Is it even a problem that needs a solution?
There was a lot of speculation as arbitration drew to a close that the Leafs would or should take advantage of the second buyout window and shed a contract or two since they have very little cap space right now. They did not do that, and I'm glad.
To determine if there is a problem that needs a solution as drastic as a buyout, you need to look at the interconnected nature of roster need, waiver rules, salaries, development goals, and asset management.