This thread is a textbook example of why one cannot rely on numbers and statistics alone when it comes to sports. No matter how hard you try to whitewash the Islanders using stats, at the end of the day they're still doing everything they can to avoid spending real dollars while Garth insults our intelligence by insisting he has no financial limitations (

) and it shows in their performance. Three points out of the East basement, a familiar position for them in case you haven't been paying attention.
I've seen a couple of amusingly bad arguments floated in this thread, such as "the Islanders were over the floor before the Thomas deal!!1" and "standings don't matter, look at the LA Kings!!1" Regarding the former, a team that's already loaded with useless salary and inflated cap hits adding a bogus five million dollar hit - one which will never see a penny of actual money spent - not only reinforces what most of us have noticed about Wang and his spending, but also sends a message to the team that they're expecting to unload even more actual salary at some point instead of taking some on in an attempt to - wait for it - improve the team and COMPETE. And as for the Kings argument, please don't embarrass yourself - anyone who fancies themselves a statistician should know the exception is not the rule. Name one team since the lockout other than LA that hoisted the Cup without finishing in the top four of their conference... I'll wait.
Lastly, if one wants to make the argument that Garth Snow is a shrewd GM because he seems to know the CBA inside and out and uses that knowledge to satisfy his owner, I agree 100%. IMO Garth has no integrity and seems to believe the fans don't realize what the organization is doing (which is probably true for the casual fan), but he's no idiot. I have no doubt he would be able to assemble a more competitive team if Wang was not leaning on him to spend as little as possible, and he showed as much by surprising everyone with the Smyth deal back in '07 (before Wang's Lighthouse project failure and subsequent wallet-closing). That said, I don't care how much Garth has done to work the CBA and save Wang money - as a fan, my interest lies in seeing the team win, not cut costs in new and creative ways. So as far as putting a winning product on ice goes, Garth has been a failure - I just don't consider him primarily accountable because no GM can or will succeed with someone like Wang calling the shots.