That is exactly the whole cap consumption argument about how to spend your Cap wisely.
Vic Hedman a Norris trophy Dman in 8 games has 0-10-10 points for $7,875,000 AAV... Leaf fans have argued that if Nylander were a Norris level Dman using the same Cap the Leafs would be better.
Mitch Marner needed to get paid as one of the highest paid in the NHL at $10.9 AAV produced 7-0-4-4 points while Kucherov at $9.5 mil has 8 games 3-9-12 points.
or better still to demonstrate your deepest team point;
Brayden Point a player often compared to Marner took a 3 year bridge deal at $6,750,000 AAV and has produced 8 games 5-2-7 points but the TB Cap savings ($4.2 mil) saved on Marner's $10.9 mil has allowed TB to afford to pay Alex Killorn his $4.45 mil AAV and produce 8 games 5-4-9 points. So Point 5-2-7 points + Killorn @ 5-4-9 points = 10 goals 6 assists 16 points compared to Mitch at 0-4-4 points for the same cap hit..
So when a player like Stamkos 8 games 3-6-9 points for $8.5 and Leafs have 2 X Centres making $11 mil or more each and Matthews $ 11.64 AAV produces 1 goal 4 assists and 5 points . So Stamkos is not offsetting Nylander, he as actually outscoring our best player and doing it for $3.14 mil less and that cap space being used on another F or D player.
So its fairly easy to point to Leafs 4 X F using 1/2 Cap and then comparing it to the defending Cup champs TB and their top 4 production this year and expose Leafs overspending on far less production and its hurting team depth as a result.
I already posted earlier how irrelevant the salaries signed before Marner/Matthews is, because, Market value in 2016 is not the same as 2018/2019 etc
when you compare %cap hit in the year the deals they were signed, they are near identical, but, because they signed before, they look much better, and now with a flat cap, anyone who signs long term is insane. the first player to sign post 'flat cap' will still suffer because 90% of the teams are already at the cap... it's going to take a few years before salaries inflate again to pre-covid $$
The leafs suffered the most because they signed expensive longer deals, and the players that signed the shorter term deals expecting a windfall on the next contract are going to get screwed over, because of the flat cap.
Point that you used for example, needs a new contract after next season, TB only has Palat coming off the books to bring his salary up to the 9-11 mil he may be looking for, and then there is no $$ the next year for Sergachev and Cernak ...best case scenario, they only lose Cernak, but how good will McDonagh be in 2 years with 3 more years at 6.75 to go still $$ that would be better spent on Serg.
They have 20 mil on middle/bottom 6ers Gourde/Johnson/Cirelli/Killorn ...they tried to unload Johnson unsuccessfully once already, that is poorly spent $$ too
the main issue is our players didnt produce when it counted the most, and they need to produce, or they need to be eliminated.