As the start of training camp is fast approaching, it's hard to ignore what's on the line for the Red Wings organization in the coming years, but let's take a look at it...
When Steve Yzerman arrived, he inherited more than half a dozen underperforming contracts, and a barren prospect cabinet. Since then, the shelves have been stocked, and the slate cleared, and now it's a matter of time. Time that will be spent grueling through practices, and hours watching video, trying to learn from mistakes.
To me the process is clear, and here is what I would want to see:
1. Let the players show they aren't ready. In the past, Ken Holland often bragged about being able to leave prospects in the minors until they were "over-ripe." Sure, while it's hard to decide when to insert a prospect into a winning lineup, the cost of waiting too long is wasting the prime development years. I look at Gustav Nyquist as a prime example here. For a team that was seeing repeated early playoff exits, and a faltering status as the perennial division champ, it made no sense to leave Gus stewing in Grand Rapids for another whole season and then some, even after he was already scoring at a point per game pace, as a reliable 2-way player in the AHL. If it looks like a player is ready, let them prove it. If they aren't ready, they will prove that, too. But the days of rewarding loyalty need to be a thing of the past, and reserving roster spots for players that had success five years ago over someone who can perform today, is exactly what got us to this point. The slate is cleared, and it needs to stay that way until the team is ready to contend, and the players earn their keep. More on that ahead.
2. Make the players earn their payday. Now, there are a few thoughts here, but let me break it down. In the KH era, he liked to pay players for 'how they will play in the future.' While it's certainly nice to get a guy locked in at a low rate if you know they will be tearing it up in the future, the likelihood of projecting that isn't all that great. One example of this is Gus Nyquist again, and while he somewhat lived up to the value of that contract, we go back to number 1 and the fact that his prime development years were behind him by the time he got to the NHL. There just wasn't any more time for him to grow. These days, very few players take serious development steps after the age of 23, and Nyquist was 24 when he finally became a full-time NHLer, and had already posted his career high in goals, which he has yet to match again.
Another player that is an example of all that went wrong toward the end of the KH era is Jonathan Ericsson. Similar situation, where he spent two and a half seasons in Grand Rapids before sticking in the NHL at age 25. He was also given a hefty contract at the time, that he never really lived up to. He was partnered with Niklas Kronwall, but never managed to find any sort of offensive element to his game at the NHL level, despite the organization touting the fact that he was a center in Sweden. He was then rewarded with another hefty contract extension that ended with him in Grand Rapids under Yzerman's watch. He never truly earned it, but was given a hefty deal with the thought that he would continue to grow. Theory quickly met reality.
3. Both the player and the team need to be in a position for the big payday. It is entirely possible that the rebuild falls flat at some point. Even if we had a couple bona-fide star prospects, all it takes is an injury or two for things to go awry. If that were to happen, the team would be wise not to overspend to hang onto a player who is expecting a big raise. Only when both the team is on an upward trajectory, as well as a good number of the players, should long term contracts be doled out. Just because a player has earned it, doesn't mean the team should muddy up the slate with big contracts, especially if they won't be able to give them help in the near term.
In the salary cap era, there really is a limited window for teams to be successful. You've got to have the majority of your roster in their prime, or really close to it.
That's what makes so much of a rebuild is about timing, and the worst thing a team can do is refuse to admit when the timing is just flat out wrong. The best thing about the Red Wings roster right now, is the unquestionable flexibility they have created. If you sacrifice that flexibility before you are truly ready to compete, you may as well just start the rebuild over. It's one thing to be in cap-hell if you're winning Stanley Cups (ahem, Tampa Bay), and it's another thing if you aren't winning at all (Chicago is a one thought despite past success, but Montreal is squarely in this boat and weren't even really contenders before or now after their run this past season). That must be avoided. A quality player can always be traded for futures, but to lock them up long term only to languish and take the luster off their game, doesn't really benefit the player or the team, and just takes away that aforementioned flexibility (Oliver Ekman-Larsson comes to mind, and don't even get me started on the Canucks wasting one of the two retained salary transactions that his contract can go through for only $990k in savings, clearly a short-sighted move).
4. Patience is key. More to the timing of it all, the pieces have to fall into place at the right time. If that means a well-timed acquisition, great! If that means trading Tyler Bertuzzi or Filip Hronek in the next season or two, to secure more futures for the extended rebuild, that's fine too. While the Red Wings are drafting some solid prospects right now, it's important to remember, it will be 3-5 years before many of them make it to the NHL, if they do at all. For those that do make it, it could be another 2-3 years before they really become an impact player and grow to their full potential.
Best case, it's probably 5 years before we know what we've truly got in Moritz Seider, Lucas Raymond, Simon Edvinsson, and Sebastian Cossa (and goalies tend to take longer to develop anyways). So it's not happening overnight, and any later picks that pan out will take even longer. And injuries are just a part of the game that could derail the whole thing. We have a foundation, but it's entirely possible that the likes of Dylan Larkin, Bertuzzi, Hronek, and Robby Fabbri have either moved on, or are simply past their primes when the foundation becomes truly competitive.
And remember, Yzerman has done this before, and he's even traded some popular guys along the way. Sometimes you've got to admit when you need to kick the can down the road for a couple years because you just aren't there yet. Stevie has shown in the past he can make those decisions (remember Ben Bishop?).
It will take discipline in the long run to make it all happen. And there are certainly other factors, but if the Red Wings keep drafting well and can avoid the kind of mistakes and problems I've outlined here, then the future could be very bright.