Who exactly are we going to throw this money at? That will magically turn us into a top 5 team?
Look at all the top teams right now and their "core" are usually drafted by that team. It's the way to go in the NHL.
All the top teams in the league spent to the cap to supplement their core. Chicago got Hossa, Boston got Chara, etc. The only team that didn't really is the Pens and they tanked for years and got lucky with their draft years.