Full rebuild? Aka sell off Kessel/Phaneuf and start from scratch?
If we get a top 5 pick this draft, it might not be necessary. Blueline looks set longterm. If we got MacKinnon, Barkov, or another top C, then up front would look MUCH better longterm.
It would really just be goaltending that needed a huge upgrade.
Prsonally i want to see dead weight traded at the deadline. MacArthur, Connolly, Lombardi, and Steckel should all without a doubt go. Bozak should probably go as well. Would have good deadline value for a guy who at the end of the day doesnt look like he can truly cut it in a top 6 role. Lupul i could go either way, sign him or trade him, depends how enticing the packages are.
So dead weight = gone. Assuming we drafted high enough to get say Barkov, also draft a top goalie prospect with high(ish) pick from Bozak trade. Then from there i think we could realistically start building instead of rebuilding. Barkov, Kessel, and JVR as the top pieces to build around up front, to a lesser extent Kadri and all our other prospects/Grabo/Kulemin. Phaneuf, Rielly Gardiner, etc to build around on the blueline.
Try and get Backstrom, Getzlaf, and/or Perry in free agency. Backstrom specifically, offer a big two year contract, we have the cap space. He would buy us time to find the longterm solution.
But there are a ton of assumptions in there. Namely us doing poor enough to draft that high this year and Kessel/Phaneuf wanting to stay. If it sounds like one or both may not want to resign, Nonis shouldnt hesitate. Get us high picks and top prospects if possible. That will take a few more hears though. But far far better than trading for Luongo and "going for it" without that top centre piece