In the summer of 1994, the Whalers were purchased, in a deal brokered by the Connecticut Development Authority, by Compuware CEO Peter Karmanos, along with partners Thomas Thewes and Jim Rutherford. Rutherford became the team's new general manager and Holmgren returned as the head coach. The new ownership wanted to turn the team into a winner for the lockout-shortened 1994–95 season, so Rutherford went out to the free agent market and signed Jimmy Carson and Steven Rice. On draft day, the Whalers selected the highly rated Jeff O'Neill in the first round. Rutherford also acquired defenseman Glen Wesley from the Boston Bruins in exchange for three first-round draft picks (Kyle McLaren, Johnathan Aitken and Sergei Samsonov). Despite these acquisitions, the Whalers struggled at the beginning of the season, starting off with a record of 2–7–2. In mid-February, the Whalers began improving, led by their top line of Sanderson, Cassels and Verbeek, along with franchise goaltender Sean Burke. For the next 30 games, the Whalers put up a record of 16–11–3 and it appeared as if the Whalers were on their way to their first playoff berth since 1992. Unfortunately, the Whalers played poorly down the stretch, winning only one game in the last seven and missed the playoffs by four points.