Chicago's going to be in the thick of the lottery race next year, no matter what they do. They're too far away.
Remember, the trick with ELCs is not necessarily to have your top stars on ELCs when you start competing - if you're a really, really bad team, that's probably impossible. The trick is to fill in your depth roles with guys on ELCs or cheap RFA contracts (like what Zetterlund has) and have them perform at $4-6 million levels around your real stars.
We're not going to be competing for a cup with Celebrini, Eklund, Smith, Dickinson, and whoever we draft next summer all making less than $1 million. What we're hoping for is that those guys are making around $40 million and performing at a $50 million level, the rest of the key slots (probably four forwards, two defensemen, and a goalie) are making $40 million and performing at a $50 million level, and the rest of the team comes in at $15-20 million and is performing at a $25 million level.
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I also don't think Buffalo and Anaheim are languishing at the bottom of the standings because they were bad for too long, they're languishing at the bottom of the standings because they have bad management and that's why they were at the bottom of the standings for so long in the first place.