Bouchard is only a restricted free agent, so the Oilers will still have priority to keep him next season. However, he will be eligible for salary arbitration.
Perhaps the Oilers don't try to sign Bouchard to a long-term deal this offseason, and instead try to keep his salary down with team leverage over the RFA. It's surprising to see Bowman say that Bouchard is improving, which suggests that he's been really struggling early this season.
-Liam McCormick, Oilers Daily