Sad, but necessary.
A good team guy that got overpaid because our management overvalues loyalty and small sample sizes.
Damn though, we might have been able to grab The Lehner and make that a fairy-tale story, with media backup and all.
He was overpaid because the Senators and multiple other teams who were in on him as a UFA wrongly evaluated him as a potential strong #2 goalie.
Anderson was a UFA a year after the Condon signing as well and I also think there was an idea that Anderson needed a reliable backup to split the load closer to a 1A/1B type relationship in net, and that we needed a fallback in case we couldn't re-sign Anderson.
It also wouldn't surprise me if the Sens figured by backloading the deal, they could pawn off Condon's final year on another team by trading him for a pick. There's always a strong market for goalies who can play 30+ games in the NHL, and a 2.4M cap hit would not have been restrictive when trading him. That never came to be because he played himself out of the league (for now).
I don't think it's a conspiracy about player loyalty. I'm not even sure where this loyalty meme comes from considering some of our recent moves which have been the antithesis of that. I think this is just a case of bad player evaluation, and/or a goalie getting a nice contract based on a 25 game sample size he cannot replicate.