Maybe, maybe not. Jokinen, both times, was a more accomplished player than Yak currently is. He was a 50 point player in Dallas and still very young before getting moved to Tampa and being waived the 1st time. His salary was only $1.8M with 1 year remaining at the time. And In Carolina, he had a 30G, 65 point season followed by a couple ~50 point seasons before only struggling in the lock-out shortened season. His salary was only $3M at that time, again for only 1 year (pro-rated since it was a shortened season and most of the way through).
Granted, those were mid season moves so some teams had less flexibility, but still he was much more accomplished than Yak and his salary was comparable and yet he wasn't claimed either time.
I'm not saying the Oilers are at this spot, as I wouldn't know, but some times it's just time to cut ties with a guy, one way or another. In your scenario, how is that good asset management? Paying a guy $2.5M to sit in the press box doesn't help him, help the team, nor does it help his value. I'm sure if the Oilers want to move on, they'd like to get something of value for him and that would be the first choice, but if they can't, holding on to him and putting him in the press box won't help either.