A lot of talk has been made about the team prioritizing extending Miller over Horvat and downplaying signing Mikheyev etc. We can certainly talk about the merits of prioritizing Miller as we are doing here but I think it does shed light on whatever plan management has. A bigger issue for me is that I was expecting corresponding moves to be made and when it didn't happen this is what we have.
To me, there's just a trickle effect. The Canucks likely didn't see Horvat as a "difference maker," which is fair, despite Horvat's bubble playoff performances. The Canucks probably thought they could re-sign Horvat to around what they are willing to offer, which might also be fair if Horvat is spending a lot of time playing 3rd line C and spending some time on the 2nd unit PP.
This brings up my other point that I have said before. With Petey, Miller, and Horvat down the middle, you can have Kuzmenko, Mik, Garland, and Boeser slotting in as top 6 wingers. That means Hoglander and Pods (who I assume the team wanted to continue to develop) slots in on the 3rd or one of them on the 4th line depending on where Pearson plays. But with Miller on the wing, you have one of Kuzmenko, Mik, Garland, or Boeser on the 3rd line playing alongside Aman? Dickinson? Lazar? That can't be the plan and someone is not going to produce playing 3rd line minutes alongside Aman, Dickinson, or Lazar.
I really want to know what that potential Islanders deal was all about because the fall out of that was we added to the lineup but the only players who left were mostly 4th line players.
I think that is where the predicament lies. They extended Miller, re-signed Boeser, added Mikhayev and Kuzmenko (who they likely planned to extend) but didn't move out a big salary. They could have moved Miller, Boeser, Garland, and Myers for the best deal they could get but they didn't. Asset management is great and all but there is an opportunity cost to waiting.