Rick Tocchet's potential contract with the Vancouver Canucks would have positioned him among the highest paid coaches in the NHL, possibly in the $4-5 million range. This comes as the team looks to fill its head coaching vacancy after Tocchet's departure. Meanwhile, Manny Malhotra has emerged as a strong candidate for the role, with the Canucks' management acknowledging his experience and potential cost-effectiveness as appealing attributes.

Malhotra's previous success coaching in the AHL could play a pivotal role in his consideration, especially as he could be secured for a shorter-term deal at a lower price compared to veteran options. The Canucks are balancing financial constraints with the need for competitive leadership as they prepare for the upcoming season.