The argument seems to be that we should've never attempted to win at that point and should've just went into a rebuild the moment Lamoriello came in.
We'll never actually know but I do believe that the team would've seen more of a rebuild if they had failed horribly that first year, but it was one of the best seasons they've ever had. I don't think any GM would've torn it down after that season and then they improved upon that season.
As
@MJF has mentioned many times, the failure was not realizing that missing the playoffs the first time was the appropriate time to pivot. Instead, Lamoriello doubled down.
I do think the position is salvageable by taking a step back for a season or two and then re-loading. I'm not convinced that these contracts are as immovable as some think. We see bad deals can moved around all the time.