Another option is to trade Frolik for someone that is basically a $2-3M cap dump (i.e. a lesser player).
Team A trades a guy that costs $2.5M and has a $2.5M cap hit for Frolik who costs them $3M. It doesn't hurt their budget, and they get a better player. The Flames save a couple million in cap hit.
There are options.
Edit: like the Riley Nash suggestion (lol)
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