My logic is that they should put an actual effort into changing the dynamic of their team into becoming winners. They've had the same problem for multiple years and have been scale goating the wrong people. Muzzin was a brilliant trade, Brodie was a good signing, I love when they transformed their bottom 6 with Spezza and that bunch. They just never built a winner, they can't seem to identify the pieces that winners have an get them. Gio has great microstats, he's not the piece that wins you a cup though at 38.
The difference between Tampa, Florida, Boston, and Toronto's moves is that the first 3 identified why their team struggled at times and sought to fix that whereas Toronto just grabbed the biggest d name on the market. Florida got someone who just was top pairing on one of the worst teams in decades to make the cup finals, Boston found a dman who fits their system and plays their style better than current options, Tampa added depth that they lost, Toronto added a redundant piece.
Toronto lost the arms race.
I think it would have been a lot harder for the Leafs to "fix" their needs than it was / is for the Bruins... simply because of cap space.
The Leafs are very limited in what they can spend on players with term (or on rentals with the vision of resigning them). Boston had cap space, and more importantly, the ability to easily create more in the offseason with a redundant $3m defenceman or two.
The Lightning and Panthers somewhat obliterated their future flexibility by trading all of the draft picks that they did.
- Could the Leafs have gone out and traded for Lawson Crouse? sure.
- Could they have gone out and traded for Connor Murphy (before he got hurt) or Damon Severson? sure.
- Could they have gone out and traded for Marc Andre Fleury? maybe, depending on Fleury's NTC.
- Could they have done all 3? probably yes, esp if they were going to hold off Muzzin until the playoffs.
But... doing so would have likely completely obliterated any and all future flexibility they had. Crouse would have been a 1st+. Murphy or Severson a 1st+ as a well. Fleury, likely one, maybe both of the 2nds they gave up for Giordano.
Should they have taken that route? I think that's the tougher question; as it basically means you're committing yourself to trading a guy like Muzzin in the offseason, and possibly more, to accommodate the raise for Crouse, keeping Murphy/Severson, etc.
Ultimately, my hope is that Giordano is not the only move they make. They were seemingly tactical in today's acquisition(s) -- protecting their 1st this year, protecting all of their prospects, and likely only moving down in this year's draft by about 20 places from late 2nd round to mid-3rd... they very well still could go after a Severson or Crouse.