There's also the unstated assumption that Holloway would have signed an offer sheet from Calgary. The only offer sheets we ever hear about are the ones the player actually agrees to sign. I'm quite certain there are many other offers that never get signed, and therefore are never reported. If several teams try to offer-sheet the same player at the same time, he can at most only sign one of those offers. Or his agent can take the unsigned offers back to the team that holds his rights and say, ‘This is what you have to beat if you want my client to stay.’ If the team ponies up, none of the offers get signed.
(I claim no special insight. Without looking back yonks in my own posting history, I seem to recall that I thought Holloway would be worth his offer sheet but Broberg was an overpay – in dollars, not in compensation. I didn't expect either of them to perform this well; but I don't think anyone did.)
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‘You see in Calgary, [Ryan] Huska is no joke. It’s good. He’s really set on a specific model defensively. If you can be reliable, you have the freedom to play offence.’
—Ethan Wyttenbach
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