Add it all up and to me it seems clear what should happen...
1. Lambert must be fired/replaced with a competent coach.
I don't think anyone in the business would respect this.
The guy has been an assistant coach for ages and everybody in the business knew he was head coach material and was going to given that opportunity at some point. Lou goes out of his way to dismiss a hall of famer coach so as to give Lambert his shot.
After basically nothing is done to upgrade an non-playoff team save for moving a first rounder for a still developing 22-year old Dman, things sour big time at the end of a period where the top Dman has missed 20-some games and the team's two supposed "snipers" (Palmieri and Wahlstrom, results aside) are both out for almost as long, 28 of 29 games for Palmieri.
Fire the first-year coach in the midst of a 11-of-13 stretch of losing?
That would be a very bad take. We're kind of damned to ride this out with Lambert. And really, your move can't just be to chop the coach under these circumstances.
2. Lou should probably go as well.
As was often written at the beginning of this season, Lou's chosen path with this team "could work", but he was placing a lot of eggs in the basket of loyalty to, and belief in, the players this franchise did a lot of losing with last season - and winning with in the seasons before.
Theoretically, he should reap the rewards of their success or pay the price of their failure.
But even if the owners decide to move on from Lamoriello, who do they move on to? With a new GM comes a new culture and it'd be tough to go with a guy who has experience, yet failed elsewhere. And how fair would it be to, say, a hotshot newbie to follow in the footsteps of the Godfather.
3. Those players approaching 30 or older that have any value should probably be traded while they still have some.
There are any number of possibilities for movement for a good handful of players on this team, especially if one is open to selling somewhat low so as to gain roster spots. If you decide to part ways with a few of the guys in their prime, say a Nelson and Pulock (although his utter lack of offense has surely placed him in another light for the pro scouts out there), then you're going in another direction - and there's considerable risk, or reward, in that.
There are a lot of good pieces here. There are a few guys who have become very stale.
Obviously, it is hard to imagine that Lou would part with some of these stale pieces because he simply hasn't done that in his five years here at the helm, but we could be surprised. For all we know, he's very much in tune with "changing on the fly" so to speak right now in these troubling times.
He wasn't born yesterday. The pattern of personnel movement to date doesn't have to remain that way if it's clear that the team can only proceed to get better by changing up the mixture, however true he's remained to this mixture to date.