weastern bias
worst team in the league
The problem comes when those picks are not distributed to the teams that earnestly need them to build a teamYeah, but in this system you'd still have top 5 picks. Drafting definitely helps. I am not abolishing the draft.
Assuming though, that the draft is the most important singular aspect of winning the cup - all teams would be on relatively equal footing every 32 years. Where is the problem? The only difference here would be there would be no benefit in intentionally tanking while hoarding draft picks.
Consider this scenario:
Team X hasn't made the playoffs in years, they don't have talent and don't play in a glamor market that attracts free agents, their turn on the wheel finally comes up and they get to draft the next great young player in the league and finally have something to build around and market to fans
The next year team Y wins the cup and at the end of the year and their turn on the wheel comes up, now they get to add another young star to an already accomplished group that could have competed the next year without him but now they are a juggernaut
In a scenario like this Team X's pick is essentially invalidated, the league has fostered an environment where the best teams can get so much better that even the supplement of a #1 pick can't help them to reasonably compete, who knows if they can even make the playoffs again before their star gets mad and demands out
The random wheel is such a pandora's box of unforseen side effects waiting to happen, it doesn't help any team in any thoughtful direction and would likely lead to disastrous side effects for bottom dwelling clubs