Each day in the month of August we’ll be examining a different NHL team — from looking back at last season to discussing a player under pressure to focusing on a player coming off a breakthrough year to asking questions about the future. Today we look at the Columbus Blue Jackets.

Jarmo Kekalainen isn’t the only NHL GM facing difficult decisions.

The difference between the Columbus Blue Jackets’ GM and many of his under-pressure peers is that, frankly, the ceiling’s higher for Kekalainen. While Senators GM Pierre Dorion is essentially just trying to clean up a severe mess, Kekalainen could help the Blue Jackets finally break through — if he can succeed in walking a tightrope (with alligators licking their chomps below, really).

[Looking back to 2017-18 | Building off breakthrough]

Given the cruel nature of sports, it doesn’t seem to matter much that a frequently promising Blue Jackets team lost to the eventual Stanley Cup champions two years in a row. The heat’s already rising considerably, and the toughest times may just be ahead.

Breaking bread

Just consider the uneasy futures for two of the Blue Jackets’ most important players.

There’s been plenty of speculation regarding Artemi Panarin‘s situation, as the game-breaking forward’s $6M cap hit will expire after 2018-19. The general feeling, via the Athletic’s Aaron Portzline, is that (no hard feelings but) Panarin simply doesn’t want to spend the rest of his career in Columbus, or seemingly most markets that aren’t large. Among other gloomy reports: Panarin wants “all business set aside” by Sept. 13, according to Portzline (sub required).

So, should Kekalainen trade Panarin sooner rather than later, instead of risking being in a similar place as the Islanders, who saw John Tavares leave for nothing but cap space and an open roster spot? The good news is that Panarin and his reps are illuminating the subject for Kekalainen. The bad news is that the hockey world knows, so he’ll look foolish if Columbus ends up with nothing, yet other GMs also know that he might be at a disadvantage.

Kekalainen would be forgiven for sweating the Panarin situation alone, yet that’s just one of some pressing issues for Columbus.

What to do about Bob?

Sergei Bobrovsky also will need a new contract after his $7.425M AAV expires after next season, and that situation is comparably tricky, only in different ways.

You’d be hard-pressed to pick apart the work “Bob” has done in Columbus, generating a beautiful .923 save percentage over 312 regular-season games, with especially impressive work done during the past two years.

The elephant in the room, for many, is Bobrovsky’s playoff struggles. More analytical types will roll their eyes at such criticisms – particularly when the tone really condemns – but it’s also fair to note that, for all Bob has accomplished in winning two Vezina trophies, Columbus hasn’t been able to put it together enough to win a mere playoff series yet.

If you’re Kekalainen, you’re fearful that Bobrovsky could become the next Carey Price.

Bob is already 29, and he’ll turn 30 on Sept. 20. When the Montreal Canadiens extended Price with a massive eight-year, $84M contract, it probably felt – to them – like the price of doing business with an all-world goalie. That deal already looks horrifying, and it’s only officially going to begin in 2018-19, with Price already 30.

The Bob situation could turn out poorly for Kekalainen in a variety of ways, sadly.

The Blue Jackets may decide to roll with Joonas Korpisalo and other, younger, cheaper options … only to see “Bob” flourish somewhere else. Conversely, they could see Bob turn into Carey Price 2.0, a goalie with memories of elite work but a contract that screams “albatross.”

The Panarin and Bobrovsky situations stand as brutal challenges, and the Blue Jackets also must pay some young players soon. Most pressingly, Zach Werenski is set to enter the final season of his rookie contract. The American defenseman is, bar none, an elite talent. It’s unlikely that his value will go anywhere but up after he accrues another season of work in 2018-19. Getting that contract done would provide some cost certainty, yet Werenski might be smart to wait this out for maximum value. That’s another big challenge, and a crucial situation regarding Columbus’ future.

Reaching for the Alka-Seltzer yet, Blue Jackets fans?

Some hope, but big risks

You could probably place Kekalainen somewhere in the Brad Treliving range of NHL GMs.

There’s a lot to like about what Kekalainen has done since taking over in 2013.

Sure, the Panarin situation is challenging, but it was a huge win for Columbus and could still reap rewards if they make the painful decision to trade him. As nice a talent as Ryan Johansen is, it seemed like his relationship was untenable with John Tortorella, so Kekalainen deserves even more kudos for (in my opinion) winning the trade by landing near-Norris-level defenseman Seth Jones. Kekalainen’s draft acumen has paid off nicely, too, with Pierre Luc-Dubois ranking as the latest breakthrough.

Even so, you have to wonder if the clock is ticking on his tenure, and there are some less-than-ideal contracts on the books, considering that Brandon Dubinsky, Nick Foligno, and Cam Atkinson combine for $17.225M for the next three seasons (with Atkinson’s $5.875M lingering through 2024-25).

There’s a nightmare scenario where the Blue Jackets end up on the wrong end of the Bobrovsky/Panarin situations while still never tasting the second round of a postseason, all while spending a pretty big chunk of cash.

Fair or not, it’s tough to imagine the franchise keeping Kekalainen around if most of these situations go sour.

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James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.