If Bouchard is not locked up to a contract by July 1st, which is only 13 days away, there could be interest from outside teams, and the possibility of an offer sheet is reportedly not off the table.
In his most recent article for The Athletic, Daniel Nugent-Brown mentioned that he's been told if a team signs Bouchard to a substantial offer sheet, the Oilers may not be able to match it, letting the 23-year-old join the other franchise.
Bouchard, a native of Oakville, Ontario, appeared in 163 164 games across the last two regular seasons, recording 43 and 40 points, respectively. Bouchard's game has grown quickly, and he's become a very good top-four defenceman in the NHL, but with his young age, he has the ability to become a top-pairing blueliner should his development continue to progress in a positive direction.