We've gone 3-5 during the last 8 games with Thomas out. That's good for a 0.375 point capture rate compared to the 4-3 record in the 7 games before Thomas was hurt which was 0.571 point percentage.
Our roster is flawed and looks pretty directionless at times, but we have arguably above average goaltending preventing us from free fall. Looking at some of the other organizations below us, their rosters are fundamentally flawed - being lifted by cornerstone pieces getting their feet wet or in their sophomore seasons while receiving pretty objectively poor goaltending.
We sit 22/32 in the standings. The 10 teams below us with the exception of San Jose missing Celebrini and Columbus having lost Johnny Gaudreau, none are dealing with significant injuries. Nashville, Detroit, Philly and Seattle are underperforming their expectations (bubble teams and then the Preds) - but none of the others were expected to do much of anything this year.
I don't see how 5 of those teams below us can reasonably be expected to pass us in the standings, because even if we continue to flounder with Thomas out - nobody is surging up the standings to the extent that Thomas' return won't boost our point capture rate so that we overtake them.
I know that the current 2 point difference is easily overcome with a bad bounce going in on Binner/Hofer or with our forwards getting snake bitten. But looking at the points percentage over the remaining ~66 games, I don't buy us dropping from our current 11th draft slot to a top 5 one, short of an uncharacteristically fortunate draft lottery win.
I think we're probably going to hit somewhere between a 0.47-0.51 p% and finish somewhere around the 76-82 point mark this year. That's accounting for a drop in play from Thomas returning from injury. Selling at the deadline might creep us towards the 70-75p range - but that won't get us into the top 5 at the draft. Unless our goaltending implodes or one/both of them miss significant time, I have trouble imagining us drafting inside the top 8 right now.
I largely agree with this analysis. I don't think that the roster is bad enough to be a truly horrible mess of a team that finishes below 60 points.
I would also add that we have turned a tie into a loss during the final 4 minutes three times since Thomas got hurt (Philly, Utah, Boston). We have been really good in OT for the last 3 years (10-7 in 2022/23, 12-6 last year, and 2-0 this year). Maybe that is luck in small samples, but I think there is a strong argument that we have a lot of players who thrive in 3 on 3 and goalies who give us an edge when the game turns into trading rush chances. Get 1 or 2 of those 3 games to OT and we are
very likely talking about a 2-3 point bump in the standings.
Based on the way we lost those games, I see reason to believe that Thomas in the lineup would have earned us another 2-3 standings points over that sample.
All that said, I do think there are good arguments that we shouldn't expect a .500+ points percentage even if/when we get healthy again.
First and foremost, the underlying numbers are real bad and they were real bad even with Thomas in the lineup. We erased 2 goal deficits in 2 of our 4 wins with Thomas in the lineup and one of the other wins relied on Hofer to make 34 saves AND make an unbelievable outlet pass to start an odd man rush in OT. There is a lot of reason to believe that the formula which got us to 4-3 with a healthy Thomas wasn't sustainable.
Second, how sustainable is the performance we've gotten out of the blueline so far? Broberg was unbelievable before getting hurt. Even if we all agree that he's taken 2 steps forward and those steps are permanent, he likely was going to still regress from the 60 point, +41 pace he was on. Suter has beaten expectations by a mile, but I don't think anyone believes that he can be a big minute top pair D man for 70+ games. Parayko is currently pacing to beat his career-best point total by 11 points. Things are uncomfortably quiet about Leddy's status and the longer that continues the more you have to start worrying about a career-altering injury. There is a really strong argument that the level of play from the blueline will not continue at the level we've gotten so far.
Finally, I do think there are more paths to fall down the standings than you do. We're currently just 2 points up on last place and the entire league on pace to earn 60+ points this year. You mention 76-82 point range as your expected range of finishes. 76 points was good for 5th-worst in the NHL last year and that team picked 5th. Looking at the teams below us, I don't think it is crazy to believe such a finish is 5th worst again.
Nashville is currently dead last with the same number of games played than us. I can certainly see them earning 3 more points than us in the remaining 66 games.
Detroit is only 1 point behind us but have played 2 fewer games. They were a point behind us in the standings last season and are getting competent goaltending when Husso isn't in the net (he is 0-2 and I'd wager that they will avoid playing him as much as possible moving forward). I can certainly see them earning 1 point out of their 2 games in hand and then earning more points than us out of our remaining 66 games.
The Penguins have been a raging tire fire this year, but they have also been getting simply putrid goaltending that is costing them games left and right. The team defense is also a huge part of it, but the goaltending has also been awful. I'm not a big Jarry fan, but he's been a perfectly adequate NHL goaltender for 5 years. He was a mess to start the year, but did very well in his conditioning stint in the AHL. I can definitely see their goaltending improving to 'below average' and then outpacing us for the rest of the year (although we do have a gam in hand).
The Sharks are 2-1-2 with Celebrini in the lineup and I could buy an argument that losing him (and having to move other less-competent youngsters up the lineup was the big driver of their season-opening 9 game losing streak. I could see a healthy Cellebrini and getting-settled Will Smith making them look more like the team of the last few weeks than the first few weeks.
If those teams just slightly outplay us over the next 65 games, you're suddenly talking about a 6 team fight for the top 5 picks between the Blues, Philly, Chicago, Anaheim, Montreal, and Columbus. I think we're better than those teams when healthy, but who knows how many points we continue to give up while Thomas is out. What if Thomas takes 9 weeks to recover instead of 6? What if Broberg is out 6 weeks instead of 4? What if both come back and take 2-3 weeks to get up to speed? I see a lot of reasons the believe that we could get outperformed by one of those teams.
I don't think a top 5 pick is the most likely outcome, but I also don't think it is a tiny, barely realistic potential outcome either.