Do you guys really not remember that the general consensus last year was that neither team was aware of the waiver rule in the CBA? It's not just me, it was pretty much everyone when it happened last year. It was pretty obvious.
I don't care about the O'Reilly situation itself, and it's not about what they could have done after signing the OS and passing through waivers. It's about not getting the OS in the first place. It hurt the team from their standpoint. Not that I'm worried about that, but I'm worried about them not knowing these CBA details, like the waiver rule, and that Malone was likely going to be a UFA.
As for their negotiating standpoint, this is pretty obvious as well. I don't think it really needs to be spelled out, but if they're trying to stick to their guns (which they obviously were) and a team comes in with a big offer sheet that they have to match (which is obviously what happened) it kills their negotiating standpoint and they have to cave immediately. If no one gives O'Reilly an offer sheet it's better for the team.
Since the team never brought it up, they clearly didn't know about it. Even if they didn't go to the media and tell everyone about it, they should have made it well aware to everyone. Every team that asked them about a trade for O'Reilly (including Calgary) they should have said, "oh by the way just so you know, if you decide to give him an offer sheet he'll have to pass through waivers, so you might as well not do it." They should have mentioned it to his agent to give them leverage in negotiations. They should have mentioned it to O'Reilly to help him want to sign a deal, and maybe not wait for an OS, or maybe not sign it because he'd end up in Columbus.
None of these things happened. They clearly didn't know about it. It's not even a maybe really, it's that's obvious.
They need to familiarize themselves more with the CBA. We've already seen what happens when you're not aware of these details, when they were unaware of Blake and Sakic's bonus clauses kicking in and killing them cap wise coming out of the first lockout. It forced them to lose some key players, and hampered them from replacing them adequately.