I don't see how that was an insulting offer at all.
I know Jenner has fallen on hard times, but he did score 30 goals in this league, plays a rugged game and is dripping with leadership qualities. Especially given some of the dysfunction we are hearing about in Ottawa he would be a big add in my opinion. Two very good young forwards in addition and a first. Seems like a pretty fair offer for Hoffman and Cole. I know people want a homerun but there is no reason to really believe that is coming. If the Blues or one of the other teams with a very deep farm doesn't come calling this offer could very well be the best one you get.
I like Hoffman a lot, great skater with a top 5 release in the league. However, the same reasons why he is available and never been truly embraced by Ottawa management and coaches are likely to impact his value league wide. He isn't a 200 foot player and goes through noticeable dips in his play. That isn't to say he doesn't have a ton of value, but just I don't think he is a kings ransom kind of player. I doubt he is moved for the return a lot of people keep throwing out.