The Red Wings have extended the Contracts of the following players:

Nick Lidstrom D - 6.4 mil for 4 years
Joey MacDonald G - 800k for 2 years
Thomas McCollum G - 200k prospect contract

The Red Wings will be keeping the following players from the 2011 NHL Entry Draft
Tomas Jurco
Ryan Sproul
Xavier Ouellet

Ian
GM Detroit Red Wings

 

I think Robo said you can stop drafting in any round you want, but you can also draft rookies from this years draft that perhaps another team didn't add to their team.  So between rookies, that add very little to the cap, and NHL players I think 10 rounds is good.  Especially since a few teams will have many roster spots to fill, like myself.

I also think 10 rounds is good. I view later rounds as an opportunity to pick of sleepers, breakout players, and rookies. Although I am on of the teams with more cap space currently. There will be trading during the draft correct? Teams will be able to trade picks, free cap space, and make moves. If people decide there is a salary cap issue, I would suggest a raise to 74 or 75 mil, bringing the league to be 10 mil above the current NHL salary cap. If we increase the cap too much, then there isn't really a point to having a cap at all.