I think even under the best of circumstances --- this wasn't going to be a huge, big splash off-season. I think trades were always a possibility, but the free agent signings were likely going to be few and far between.
But it's also hard to ignore the impact that winning the top pick had on the budget. You have to factor in all the bonus money that goes into getting a kid like that.
Then you have COVID, which admitedly changed the landscape of the trade and free agent markets out there. Suddenly, you have teams backing off of any talks regarding Strome and even ADA, and you have a flat cap.
All those factors add up to a pretty decent chunk of change.