The mistake many making here is assuming that this case even gets before an arbitrator.
Neither side wants that, no player wants to hear his employer explain all his shortcomings in an effort to cut his salary. Nyquist has excellent regular season production but he'd be roasted on his awful playoff numbers to this point. Still I think he'd get a better offer by going to arbitration than what I think he's going to sign before it gets there.
I expect him to take a deal in the 3.75 to 4.25 million range, similar to Kadri's but perhaps a little longer.