I disagree 150%
Toronto IS an example of how to build through the draft. Their Cap issues aren't due to poor drafting, they are due to bad contracts that have nothing to do with the kids on ELC's. The hilarious part is that you mention several of these very contracts in your post.
Your "even when you draft good...this is what happens" line is gold.
For some reason it reminds me of The Derek Zoolander Center For Children Who Can't Read Good And Wanna Learn to do Other Stuff Good Too
oilers are headed down same road. washington is there now never having won a thing
when we look at history we see 3 teams have won enough in the past decade to be considered the gold standard
pittsburgh did win out of the block with crosby/malkin but then went into cap hell. in short order they had to let expensive pieces like gonchar, whitney, staal go. they wandered lost for the next 6-7 years as they waited for the cap to grow. year after year the cimplaint was there was no one to play with the big centers.
eventually the cap grew... pittsburgh could afford depth... the depth was found looking at the scrap pile and identifying bargains... good contracts
chicago put together a core through the draft... but immediately had to trade half of it away byfuglin, their starting goalie, ladd, barker... half the draft picks that had been key... later saed can be added to this list and now hjarlmson
but chicago found smart affordable depth to win with. hossa was a bargain, the russian kid was a steal, the bottom 3 dmen were always scrap yard reclamation projects. and every deadline chicago traded pics for vets they could afford
la got quick, doughgy, kopitar out of the draft... brown too... but then they went hunting for good contracts that fit the team
you can keep 3 or 4 kids to build around if they are superstars but you better be prepared to trade everyone else off if you want to win because you won't be able to afford to keep them and still have enough depth to win anything