Metal says we still need to reach the cap floor (Ill take his word)...

I was a little off (forgot to count the bonus bit), and this is based on 2011-2012 cap numbers, so it could be off a little bit. According to capgeek, the Sens currently have $50,208,333 in salary and $1,175,000 in bonuses for 12 forwards, 6 d-men, 2 goalies and Butler's buyout, for a payroll of $51,383,333. The cap cap last year was 70,200,000 and the floor is always $16 million below the cap, which makes it $54,200,000. So the Sens are below it by $2,816,667. Even if they add Zibanejad as the 13th forwards ($1,744,167) and it's widely believed Boro ($610,000) is going to be the 7th d-man, they would still be below the floor by $462,500.
Of course, that's using last year's cap and floor numbers. If they drop for this year (yeah, right!), then the Sens might just make it.
http://capgeek.com/charts.php?Team=23