You're right they have been, but Folignos value is pretty low and to trade him now would be utterly stupid. There's literally no benefit from trading Foligno right now, unless another GM thinks he can rebound on his team. And there's no reason for Jarmo not to think he can rebound here.
A couple of things:
1. We don't know what Foligno's value is. It is likely that it was never as high as want the majority thought it was. We suspect it's low, which leads to point #2
2. Literally no benefit? That is pretty short sighted. Cap relief alone is a benefit.
We have some trash contracts on this team and this one is right toward the top. For that cash and term off of a breakout season should have eliminated the need for a NMC/NTC.
Last season was actually a return to normal for Foligno. If you get the chance moving him just to get rid of the contract might well be worth it. Will he stay at his career norms or trend back to that breakout season? The former is more likely.
Your talk of JK taking a hit and looking stupid - I hate to tell you this but the team has already has a few scars from his mismanagement. The best thing he could do might be to start to cut some losses and move on. Wasn't that the point of the thread? This team won't look the same?