Both of those teams were objectively terrible before tearing it down and "doing it right," because they were objectively terrible and had to. The Sharks were not in that position, they were a good team with assets. They have squandered everything and are essentially an expansion team right now. An old-style expansion team.
Do we have good prospects? Not really, not yet. And we aren't really in position to get them for sure because of the way the draft lottery works. Celebrini would be a start but we all know how likely that is.
We have 0 clear first line players on the team or in the system, and it's not clear we have any decent 2nd liners either. Then we haven't even started building the defense. There's tearing it down to the studs and there's destroying the studs as well.
The Sharks were objectively terrible for 3 years before tearing it all down, Wilson never acknowledged reality and kept digging the hole deeper, Grier began the rebuild in earnest
All the while our impact players aged out of elite status or demanded out due to our inability to win, and with a salary structure built to desperately hold together a contender while the team was scraping the bottom of the standings we really didn't have any other options but to liquidate the entire roster
Mike has done a beautiful job of extracting value out of the sea of bad contracts he inherited, now instead of having a terrible team with many future years of committed money we have a similarly terrible team with unparalleled flexibility under the salary cap, we're going to have to spend this summer to hit the cap floor, which I don't think has ever happened for this franchise since the cap was first implemented
We're also only going to get MORE flexible over time as Vlasic and Couture expire, the Burns, Karlsson and Hertl retentions wrap up and the Jones buyout comes off the books
The biggest roadblock in our rebuild is now gone, the true value in trading Hertl isn't even in the return, it's in the long term cap relief, we basically spent 2 3rds to get rid of a huge cap dump and we got an uprotected 1st and a 19 year old 1st round prospect to do so, this trade was actually incredible value
And this isn't even the first step of the rebuild, we've already liquidated Burns (completely necessary) and Karlsson (an actual miracle) and used those pieces to get more value, we have a genuine scoring prospect from the 2023 1st round, we're going to pick top-5 in 2024, we have more 1sts coming our way from these trades, everything is pushing in a positive direction
We went from the most uniquely unenviable situation in the league when looking at results combined with salary structure to having a real path laid toward a legitimate ground up rebuild and Mike accomplished that in less than 2 full years, he's been an exceptional tear-down GM
The HUGE question mark is, he's great at tearing it down, but what does it look like when he's trying to build it back up again, I will say I have my doubts (he seems to think David Quinn is a good coach, for instance), but we'll cross that bridge when we come to it, AT LEAST we now have a path laid to find out within 5 years instead of within 10 years
THAT'S how bad the end of the Wilson era was, we were already at the bottom of the well, but it took 2 seasons of wizardry to siphon out the sewage we were drowning in, now we can finally try to start climbing back up