Campoli is a restricted free agent who has an arbitration hearing pending on Aug. 3, but no matter the outcome, the Hawks are moving on.
"It was apparent from the beginning their salary demands were just not in concert with where we see him fitting in our team," Bowman said at the opening of the Blackhawks' fan convention on Friday. "We had to make a decision (that) it wasn't going to happen. We made our best offer and it wasn't to his liking. He sees himself in a different category, price-wise."
Campoli, 26, was acquired from Ottawa at the trade deadline last season for forward Ryan Potulny and a draft pick. He played in 19 regular season games and all seven postseason contests, combining for one goal and seven assists. He gave a puck away in overtime of Game 7 against the Vancouver Canucks which turned into the winning goal.
Campoli can be traded between now and his arbitration hearing or else the Hawks will "walk away" from the award, making him an unrestricted free agent.
"We're working that out, but he's not going to be back with us," Bowman said.
Jesse Rogers covers the Blackhawks for ESPNChicago.com and ESPN 1000.