You’re believing what you want without actually paying much attention. I do pay close attention. I remember well the days of spending under this group. When very a stupid management team convinced them to go for it, they went for it. Mega deal for OEL, big fat extensions for Keller, Schmaltz, Dvorak and Chychrun. People were very critical of those pay for potential deals. They were seen as extravagant at the time. Then Kessel and Hall, etc. It didn’t work but that had nothing to do with budget. They had the same salary cap restrictions as anyone else. It fell apart because it was poorly executed by the hockey Ops side.
Cheap ownership groups don’t allow full scorched earth. It’s one of the main reasons the coyotes have been so bad so long. They’ve never been afforded the chance to properly rebuild. Owners get antsy about ticket sales and the team does the half-in, half-out dance that never works.
They hired an amateur scout to be their gm. They let him out together a front office comprised of a scouting and development dream team, then sell off every single player that kept the fans coming through the doors. They let go of the name brand, local legend coach, for the top amateur coach available. All with an eye for a prolonged rebuild, kicked off by an absolutely historically epic tank job. Just bottoming it completely out.
They allowed this management team to acquire an absolutely historic amount of futures capital in an insanely short amount of time at the expense of revenue. And they allowed them to take in a ton of dead weight to do it. That’s because they’re invested in the long-term and are willing to accept tremendous short-term pain for future gains. That has a serious cost associated with it.