Regardless of the lockout, I think the C's are preparing for a drastically new CBA, which will have a lower (and possibly harder) cap, shorter, and probably smaller contracts, that will really punish teams with too much money locked up after next year. Basically, they are taking the same route that the Bruins took.
Now, this route really burned the Bruins when the players gave back 30% (or something like that) of their salary's as a concession, but I still think it was the smart way to go at the time.
The C's are going to continue to be very careful with the money they give out beyond this year, and even more beyond next year (since they may look as next season as a wash, even if there is not a lockout, due to KG and possibly Sheed still being on the books at big numbers).