The Campbell contract is absolutely soul crushing. Thinking this team can just fob off $15,000,000 cap hit ($13,500,000 real money) owing is Fantasy Hockey stuff. There's maybe three paths on this...
Buy-Out:
A buy-out is probably most realistic although it f***s the team this year to make meaningful change while carrying his salary in the minors. Team saves its few assets and pays down Campbell forever via The Brick layaway plan.
Mega Asset Chips To The Middle Deal:
Merzlikins $15,775,000 owing after this season (3 years) // Campbell $13,500,000 owing (3 years)
I personally think Merzlikins would thrive in a new winning environment. But C-Bus could likely find a better deal just opting to eat up to 1/2 of Merzlikins' contract ($7,887,500) and cheaper financially than taking on Campbell + $5,612,500 real money. Kekelainen is likely dead man walking so doing a big money deal for an AHL replacement level goaltender is likely a hard sell. Gonna cost Oilers big.
Other mega asset options Askarov (short-term risk he's not quite 1B NHL ready but prospective cornerstone 1A for a decade); Saros (wheel barrel of assets this team doesn't have); etc. Or find a cheap, marginal option like Reimer.
Toxic Contract/Player Exchange:
Something like a Vlasic (ideally + goalie) for Campbell + Kulak deal. Thoughts and Prayer that a faded pedigree malcontent in San Jose can give the Oilers third pairing, 12 minute ice-time that can be bought out next season (or even kept if motivated & effective). Could provide an onboard path for Broberg next season. Frees Oilers to use limited assets for positional upgrades.
In season trades a third of the season in are fairly rare. In season trades for a massively underperforming and overhyped team with no cap space and a $15 million anchor contract is like never country. This is beyond anything Ken Holland has done in 25 years on the job and a true test of Jeff Jackson's new agey thinking of navigating NHL business.
I'd like to believe that Santa Claus is coming. But see above...