Even if they max out the salary they could pay him with the LTIR space given to them (which is 3.5M~) I do not see how he clears waivers.
There are both to many teams that are contending in both conferences that could use goal tending help and have room or are trying to tooth and claw their way to salary floor. Much less of the later, but giving themselves a 500K-800K cushion they could pay him 2.7M-3M maxed out from their current salary.
Yes they could put in play off bonus incentives that gave him a inflated cap hit going through next season. But teams that have room to fit his salary cap hit for this season wouldn't care as long as he fits under their cap right now.
I see no way in hell he clears waivers. In fact if I were another GM and I had room, I would claim him just to keep him out of Detroit's hands. This is chess, not checkers.
I think he'll clear. Holland will probably structure this with a heavy playoff bonus incentive. Makes it possible for the Wings to defer the bonus amount to next year's cap, but for teams with cap space today, they'll have to carry the entire amount this year.
Teams pushed up against the cap may want to save their own cap space for their own injuries, etc. It's a long year.
Nabby isn't eligible for bonus clauses. He was only age 34 when the 2010-2011 season started.
Actually, with the LTIR-possibilities, the Wings can sign him for like 6-7 millions if they want, thus scaring off virtually all teams that might be interested to have him. (Flyers, Caps, Sharks, Hawks that have been mentioned here, for instance).
Maybe the Avs, though? Tons of capspace, and mess with the Wings? Not that Andy didn't play lights out last years playoffs, though.