That seems pretty normal for a team at this phase of the rebuild. Non high 1st round picks take 2-3-4 years to develop into NHLers best case (in most cases). They are always going to be behind your recent high picks. We cannot build an NHL roster from 1st round picks alone, we would miss our window. You want those high-end players on early low-cost contracts as much as possible, and if you wait for them to all be NHLer's by the time they are a contender you wont be able to afford your own roster.
There's this window where you have a bunch of prospects and have to fish or cut bait so you can time everything just right to be able to afford your team long enough to win a cup and then hope the post cup discounts can keep most of the team together after that for any kind of repeat runs. Sometimes it works, sometimes it doesn't, but if you sit around and wait for "sure things" you'll never win anything. You have to have faith in your players, and in your scouts and coaches, and go for it. Generally once you get 1 or 2 elite/generational talent players to build from. For us that's Celebrini and whoever we pick this year most likely. Just behind those guys are the almost sure-things like Askarov, Smith, Eklund, Dickinson (guys you expect to hit, but one or two could bust). Then you have your third tier guys who are either high-end picks who are taking their time or lower picks who are overperforming (Musty, Cherny, Mukh, Graf) and beyond that it's a crap shoot but you hope you get a few gems. Then you go to free agency and trades to fill the gaps when the time is right.
Basically we have already placed our bets and the table is closed and now we have to wait and see (while making some minor adjustments when we can). We have a nearly guarenteed elite top 1c, we have a top goalie prospect (but you don't build around a prospect goalie) and in a few weeks we will either have a sure-thing top pairing D prospect or another top line forward. That's as good as it's going to get for us and we have to role with that group or risk losing our best players to free agency because we didn't take advantage of our opportunity.
Actually, we can (and are): Because we dealt all the talent (meier, hertl, EK65...) for picks and prospects, we are very close to a team pretty much full of 1st rounders (if you include cherny). Asakarov, celebrini, smith, eklund, chernyshov, dickinson, mukhamadullin, Musty, Bystedt... thats 9 first rounders already. Add in 4-5 more in '25 and '26 (including Misa/schaefer), and you'll have 13-14 first rounders. Then sign a few UFA first rounders (marner, Bennett, Boeser, etc), and you might have a roster pretty close to 100% 1st rounders, about half of which are top 10-11 or so.
By free agency of summer 2026, the table will be fully set. We'll have 13+ 1st rounders in the system all ages 18-23 (mukh = 24). that's far more than enough to build a decade+ dynasty and win multiple cups.
Look at florida:
reinhardt (2nd OA)
barkov (2nd OA)
Tkachuk (6th OA, traded for humberdeau who was 3rd OA)
Bennett (4th OA)
Ekblad (1st OA)
Lundell (12th OA)
Smoskevich (24th OA)
Kulikov (14th OA)
Jones (4th OA)
Boquist (8th OA)
[Not to mention 5 more 2nd rounders]
that's 10 1st round picks including 7 picked in the top 10 (nine in the top 14).
The sharks are just the '25 and '26 draft away from assembling a similar talent pool (or, frankly, even better), and signing a few top UFAs would give them the most stacked roster in the league. Now, most of those guys are 26-29 years old (hence in their primes), so the sharks would still be a few years away from the Cup even after the '26 draft, but by '29 or '30, many of those guys would be entering their mid 20's and the sharks will be the best team in the league.
Grier needs to stay the course, but he also needs to utilize the cap space to add futures, not just throw it away on Luke Kunins and barclay Goodrows who eat up significant space but provide next to nothing in trade. Instead he needs to add guys who he can flip for serious capital, so come summer '26, he'll be armed with so many picks, so many prospects ready for the NHL, and so much cap space, that the sky is the limit.