So get him cheaper after a down year, banking on him likely returning to at least his previous form (it’s not like he suddenly forgot how to hockey), or risk having him have a bounce back season + and have it cost you plenty more.
I don’t see the risk at signing him at mid level 2C money long term. I’d take the bet I’m likely to come out ahead on that deal.
That's the angle I'm looking at this from. Could easily turn into a Schief or Ehlers type situation where we get him for what looks like market value and then he produces well above that for the remainder.