We're trying to tell you that you're wrong, pretty much. You want to ignore the relevant comparable examples people have provided because they are direct evidence against your narrative, but can't provide any actual transactions that support your narrative.
I'll point you to my post below about how contracts should be valued in the cap-inflating environment. The absolute value increases for bottom-six players are not that much.
As Vector pointed out, the only GMs interested in Hoglander, based on the "insider information", are GMs we know to not exactly be top-notch. This lends more credence Vector's theory (which I agree with), that Hoglander will only be valued highly in a trade because one irrational GM does something bizarre. Not because "the league" values him highly.
I don't have a narrative, I have the facts of reality as we currently know them, and they should kill the Hog is "not much" value waiver trash narrative some posters have been saying repeatedly.
Nobody has listed "relevant comparables" yet, Sprong and Garland are old vets and paid 5x more or have character reputations.
Why not use Caufield or Tolvanen, they're both small skilled wingers ,closer in age and goals etc...
The point is it doesn't matter, we know there's interest in hog from multiple teams, with his contract and that's just the ones we know of, so clearly Hoglander has value, in real life, and that it's very likely to be more than "not much" or "Sprong/Tomasino".
So that narrative should die.
These are facts from EF, supported by multiple rumors and tweets about scouts etc.
Teams want the player, with his contract, because of his proven nhl quality skills and potential.
It doesn't matter what someone thought about his contract, what your particular logic says, or what your fan math says the equivalent value is, those are opinions. And they should be changed because we know in reality teams/gms (atleast a percentage) do not care/agree. In real life they don't care about 600k differences, or that the scrap heap contains 1.5m versions. They value Hoglander specifically, and some because or the contract extension.
So clearly he has value and arguments that he would clear waivers or his contract tanked his value, or we should trade asap for whatever and sell sell sell! Are not correct arguments, we know this in reality from all the available information we have on Hoglander specifically and currently.
We need only wait and see if it's Hoglander for Marcus Pettersson straight up, or who/what the plusses are and on which side. But we're not adding a first to hog get an old ufa rental Pettersson/provorov/etc..
So the narrative that hog was worthless junk ever or because of his contract needs to go away, we will soon find out just how much value he has, myself and others think and have posted it's definitely more than not much, to possibly a decent amount, for the multitude of reasons provided.