If by not honor, it means those contracts from last year are up for renewal, then id say not honoring the contracts would be better for us. Breezy is the first that comes to mind. We could let him walk, or sign him to a cheaper deal, thus allowing us to sign other UFA.
If last year's contracts are honoured, 17 guys under contract for $26,850,800 (including $3,040,000 for Brisebois and $380,000 for Dagenais). To that, add four young guys (Hossa, Hainsey, Perez, Plekanec, Higgins) and sign Ryder for about $1.2 million and we're just over $31 million. If this happens, we don't have to worry about signing any RFA's (except Ryder) or potentially losing any UFA's (Koivu). I still think Brisebois would renegotiate his deal, maybe $4 million over 2 years instead of $3 million for one.