Both were offered similar deals between 3.9 and 4.5 although I forget the exact dollar figure Hossa rejected from the Wings. In hindsight would it have been better to keep Hossa instead....clearly yes but at the time I don't think it was that obvious.
Keeping both was never really an option considering they already had 2 guys on lifetime deals, they still had hopes Lidstrom would keep playing for a few years and they knew Datsyuk was going to need a new deal in the near future as well.
As it stands there is an outside chance Hossa gets bought out this off-season. Chicago isn't in a very pretty spot capwise, with Kruger, Stalberg, Bickell, Mayers, Rozsival, Leddy and Emery all needing to be re-signed with only 4 million in cap space available.
Hindsight is always easy to wipe away and see clearer. I know the options that Holland had and already mentioned that at the time Franzia was lights out every night and in the playoffs, so you cannot blame Holland for thinking that that would continue. As it turned out, it didn't and keeping him over Hossa looks idiotic right now.
I could only hope that Chicago buys out Hossa and Holland reclaims the jewel he lost. But will Hossa want to come back here with our winning ways behind us for the moment? Datsyuk sure would be happy...