No. Definitely no. Gaudreau and Monahan need raises still. Bennett will likely get a big raise once his ELC is done. Flames cannot afford Stamkos. He'll likely get 10m+ per year.
With proper management of the cap; it'd be dumb not to throw money at a talent like this. Monahan's good, but he's not elite like Stamkos, and never will be. Johnny's his own beast and can hold down a line on his own (a la Kane).
Would you rather have 8 million tied up in Hudler and Jones, or 10.5-11 tied up in Stamkos?
Even if Monahan and Gaudreau sign 6 million dollar extensions, Calgary would be at 58 million with all core pieces locked up and the defence (main pieces) signed long-term. Calgary has a ton of money coming off the books this year, and then more next year (with big dead-weight contracts).
If the Pens, Chicago, San Jose, St. Louis, Tampa and Caps can year after year be tight up against the cap with big contracts, I don't see why Calgary cannot. Just means you have to avoid the Matt Stajan, Engelland, Wideman type deals moving forward. And I'm all for that.