The amateur scout definitely get some black marks from this.... but CMac/Sakic shouldn't escape it either. The decisions to re-sign Manson and Frank and continuing to bring back/keep up JMFJ/Dermy has eroded what little cap space the Avs have had. It is too early to judge for sure, but the early results on Colton, Wood, and RyJo also point right to 10m of cap that is inefficient. This always tends to happen with teams, but with narrow margins in the NHL, it is hard to say elite when you have all these things happening, even with elite players.
What is kinda scary is if Landy returns next year, this situation is likely to get even worse with depth and inefficiencies. But that's a future problem.