B+ from me.
Given he had not much to work with and we were stuck in a purgatory year, he made some subtle moves to get faster--bringing in Rieder, Mitchell, Iafallo, and so forth. He had no problem shoring up the smaller roster concerns, like speed/tenacity, faceoffs, general depth. The scoring depth right now is obviously the bigger concern--middle six rather than bottom line--but that's a long-term project. He also took what everyone in hockey thought would be a sure-buyout, lol-f***-the-Kings contract and turned it into a guy who played phenomenally for us down the stretch in Phaneuf, low-key one of the best trades in the NHL all year, and gave us all sorts of defensive depth. He's proven he's not shy to make trades to correct mistakes, which was one of people's biggest complaints about DL--especially in shedding Cammalleri, a guy who he obviously knows really well. You can say it was sort of shuffling deck chairs on the Titanic, but I liked that he was quick to move on Cammy, Jokinen. My only real complaints are the scoring depth--unfair a little early--and not getting LaDue, Amadio enough games for them to be more of a factor. And Stevens, who I do not like as a head coach--we lack an identity as of right now and I'm personally going to lay that at Stevens' feet rather than Blake's.
We got back to the playoffs and within a game of 100 points despite missing Carter for most of the year. I know that's not enough for some, and sure the playoff fizzle leaves a pretty bitter taste, but I'd have to consider that part a step in the right direction for the organization and Blake.
And before I get ripped into by the "maximize assets, blow it up, anything less than a Cup is a failure" crowd, keep in mind this is just my opinion and your mileage may vary, thank you.