
Gillis' reason for nixing a deal was that he preferred Jensen back in NA rather than playing for another team in the SEL that could go deep, thus nullifying the opportunity for NJ to play in Chicago.
I suspect Gillis & co. aren't in too happy with the development NJ has received in the SEL this season, and believe it may be in the best interest of everyone if he were to complete the season in Chicago. Gillis also didn't rule out the possibility of NJ playing with he big club as soon as this season.
Whatever Gillis has planned for player acquisitions b/w now and the deadline, it's clear to me that Nick Jensen is in the plans for the organization in the near future.