The player unequivocally loses in this situation two-fold.
He's already lost a decent chunk of change by sitting out almost 1/3 of the season, so anywhere between $2MM and $2.5MM. He stands to lose a total of $6-8MM depending on what the eventual contract is if he doesn't sign in the next 24hrs.
He's lost out on 1/3 of the season worth of development, practice and coaching. He stands to lose a whole season of development because of this contract dispute.
I do not see the upside for the player to hold out over the reported $300k per season, when he stands to lose much more. Does his old man not realize the NHL is a salary cap league now?
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