I am not expecting any kind of a sell-off, since mediocrity seems to be the governing business philosophy for Ted's sports franchises. So I would subscribe to the bubble team prediction.
But I take issue with how much they will suck post-Ovie. If #8's performance continues to decline, then whoever is GM (prolly BMac, if Ted stays true to form) will have mucho dinero available to replace Ovie's contributions - and JC's, absent his being moved - in summer 2026. That's $17.5m. How much would it cost to bring in a middling forward and a 3/4 dman, maybe $8m? (That's assuming the team doesn't have anyone in the pipeline who'll be ready for those roles at a lower cost in 3.5 seasons.) So you'll be looking at nearly $10m in add'l salary that could be used for a star. I do not see Ovie as a liability now, but I expect that he will be replaceable at a much lower cost as he nears the end of his current contract.