Milbury basically traded away an all-star team worth of talent. Luongo, Chara, Spezza, Jokinen, Bertuzzi, McCabe, DUmont, etc..
Maybe the weird thing about Milbury was that he survived the ownership change(s). Normally when there's a new owner they'll want to clean house.
There was the weird saga with John Spano being in line to buy the team in 1996 but that all unraveled by summer 1997 and Spano was indicted on a bunch of charges. Islanders didn't get new ownership until 2000 and even one of those owners ended up in prison soon after.
Sometimes it's a luxury to have stable ownership with a clear direction. Milbury probably wasn't a good GM to begin with but it seemed like Jekyl and Hyde in terms of he's selling one year because one owner forced him to slash the budget and then buying the next year because the new owner wanted to win now.
Edit: I'm sure Islanders fans could provide more details but it was a rocky decade to say the least:
July 1995: Milbury hired as coach. Owner John Pickett had become less involved in the early 90's and left the minority owners to oversee things to poor results. Pickett had been looking to sell his stake.
December 1995: Don Maloney fired as GM, Milbury would eventually be named as the replacement.
October 1996: John Spano is in line to purchase the team, seemingly 'finalized' by February 1997.
July 1997: Spano misses a bunch of payments and his scheme falls apart.
September 1997: Pickett sells the team to Steve Gluckstern, Howard Milstein, and Ed Milstein. By early 1999 they are already fielding offers to sell the team.
April 2000: Charles Wang and Sanjay Kumar agree in principle to buy the team.
The Islanders’ sale-saga is over. Computer Associates chairman Charles Wang and Computer Associates president Sonjay Kumar finalized a deal yesterday to purchase the Islanders for $180 millio…
nypost.com
The Islanders’ sale-saga is over.
Computer Associates chairman Charles Wang and Computer Associates president Sonjay Kumar finalized a deal yesterday to purchase the Islanders for $180 million. A formal announcement will be made this morning during a press conference at the swanky Garden City Hotel.
The sale confirms an exclusive story by The Post on March 9, which reported that Wang, a Nassau County resident and billionaire, was considering buying the club.
So ends the turbulent 26-month Isles ownership reign of Howard Milstein, his brother Ed, and Steven Gluckstern, who had purchased the Islanders in February, 1998, from John Pickett for $195 million.
The outgoing owners received extreme criticism the past season as they severely slashed player payroll from $26 million to its current $16.4 million, which lies near the bottom of the NHL. A large chunk of that savings came when they traded the popular Ziggy Palffy to the Kings last year.
Probably not many GMs who would have been successful under those parameters.