The Washington Capitals out spent every other team in free agency so far capping off at 69 million so far. With the signings of Brooks Orpik and Matt Niskanen, there is really not a big need for Mike Green and his big cap space hit at the moment on the Washington Capitals.
With other low cost free agents available that are also proven and can do a similar job that Green can do; Raphael Diaz comes to mind as an offensive defenseman that can help on the power play as well as the need for a second line center; Derek Roy is still available and would not be a bad addition as a number 2 for the Caps, trading Mike Green might be the only possible way to free up cap space as well as address the other needs that this team still has as well as bringing in someone similar to Green so not a lot is lost just freeing up some of the cap.
The Detroit Red Wings are in need of a defenseman like Green and it could be a good home for the 28 year old. The Red Wings are also reported to be in contact with Buffalo for their top defenseman, Tyler Myers and were attempting to make a move during the draft for the 6’7 offensive defenseman. Another team has come up through the floorboards and might be interested in Mike Green; the Edmonton Oilers.
The Oilers are in a spot with their newly signed defenseman, Jeff Petry and could use a more offensive defenseman like Green.
Hockeybuzz.com breaks down a possible trade with the Caps and Oilers to include Petry and Green.
This feels fair to me: Mike Green in exchange for Jeff Petry, Martin Gernat, and a conditional 1st round pick in either 2015 or 2016 if Green signs an extension with the Oilers. If he does not then it is a 2016 2nd round pick.
With only 1.1 million available right now for the Caps and not having a little bit of wiggle room, this trade would provide the caps with 4.1 million in available cap space and give them the ability to sign a 2nd line center, like Roy and complete their team even more.