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The ntc/NMC option is the odd one
A player with one should have to be protected. Otherwise teams that hand out no trade clauses like candy could protect their entire team.
Just a simple case if Quick had a ntc(he doesn't ) the Kings could protect both goalies
GM will find ways to protect players. Sign a AHL player, with little chance of making the big club this year but should in a few years, to an AHL only deal. Now he is not eligible for the expansion draft. Sign players to one year deals. Now they are UFA players and not subject to the draft. Of course they could just leave.
Still think if Vegas is the only team they could be very good. Anderson as a starting goalie ( or better). Seven or Eight proven #4 d-men. At least 12-15 proven third line forwards and money for UFAs for the top line ( no state income tax) Some guys would sign there.
I haven't looked at who would be available but they should be able to win some games