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<p>In this edition of 32 Thoughts Kyle Bukauskas and Elliotte Friedman check in from Colorado Springs at the Board of Governors meetings, where Olympic participation is once again a talking point. The guys get into contingency plans if the Milan arena isn’t finished in time, league revenue projections, and early salary-cap estimates, plus where expansion chatter truly stands with a potential $2-billion price tag per team. Kyle and Elliotte dive deep into the escalating Quinn Hughes trade discussion, the Devils’ dollar-in, dollar-out cap constraints, New Jersey’s interest in Ryan O’Reilly, and how conversations between Vancouver and other clubs may have progressed after the Canucks’ internal memo circulated (18:43). The fellas touch on Tristan Jarry being linked to Edmonton, why salary retention is a non-starter for Pittsburgh (31:57), and the growing possibility of a Phillip Danault trade (37:51). They also break down the Hagel hand-pass no-goal review and compare it to the Florida–Col...