the Rangers had a few advantages that other "rebuilding" teams didn't. They sold high on a lot of guys before they lost their value, unlike a lot of teams have done in the past, who held onto their guys too long. They also used their NYC draw to get guys that other teams wouldn't have been able to (Fox, Trouba, Panarin). They had 3 picks in the 1st round in 2018 and looks like they got 3 hits so far. And of course winning the 2nd overall pick in a draft that was considered to have 2 players a tier above everyone else. Also, I know its early, but Quinn looks like a smart hire to coach a team through a "tank" year, the team was drained of talent but still competed.
No they are not a contender yet, and still have holes. But I don't know If I can recall a team that was a playoff team the year before, battling for a playoff spot and the mgmt decided you know what, lets be honest with ourselves this team ain't winning shit, we need to start over. Ballsy move but the right one.