That's why you trade them as a rebuilding team, instead of overpaying non-core player who will be 30 at the start of his next deal. Not to mention he's just barely putting up 2nd line numbers while playing on the top line and getting most TOI among wingers.
Extending Nyquist at 5x5.5 is the exact type of move I expect Holland to make. If Nyquist won't waive is NTC id rather let him walk than add another overpaid vet.
The problem is that if the market bears it out said deal is not a over payment. Not that I disagree with you in letting him go if he doesn't waive for trade this year. Ever single year for the past 4-5 even though the cap hasn't been climbing as high as the league wanted around when the last labor deal was done, top 6 forwards and top 4 d get a minimum .25 increase per year sometimes on a case by case basis .5 per increase. Also, that for the most part ignores what top 3 forwards and top 2 defenders get in increases.