I don’t see how the Rangers end up in last. They were trying to tank the past year and a half and didn’t even finish bottom 5.
Signing Panarin, trading for Trouba and Fox, drafting Kakko and Kravtsov. These moves don’t weaken the roster. They may not make the playoffs but the probably won’t be bottom 10.
The Rangers were last in Regulation & Overtime wins last season, so not being the best shootout team in the league at the same time as being the worst Regulation and Overtime team in the league, which mostly comes down to a fluke how you can be first in one and last in another, and thats a last place team.
As for how the team could be worse, Lundqvist continues to play mediocre, Georgiyev's play regresses and/or Shestyorkin doesn't help next season either, Kravtsov isn't any more ready the upcoming season than Chytil was last season, Fox makes little NHL impact due to being a rookie or due to his role in the organization with three RHD ahead of him on the depth chart, Kakko has a respectable, but not great rookie year. There's certainly a chance that none of those players are impact players, and all the rookies only combine for 1-2 top half of the league players.
Panarin will make the offense slightly better, but being near the bottom of the league doesn't mean you can't have a player that scores a lot of points. Outside of Zibanejad, Panarin, Kreider and Buchnevich, there aren't any proven top six players in the lineup. Also, its unlikely all four of those players will start on the team, so the addition of Panarin could be offset by having less depth than we started last season at among the forward spots (Zibanejad, Zuccarello, Hayes, Kreider, Buchnevich)
Trouba will also make the defense slightly better, but how much can he do? He's now tasked with being the only top pairing defensemen on a team with a lot of young players and bad defensemen. He's never played that role in his career. There's every chance that he underperforms compared to last season, and isn't that much better next season than a league average defensemen. It's also a lesser impact than Panarin because he isn't close to as good. Trouba is not the sort of player that we should be relying on to make all the other defensemen better. He's good, but not elite.
I think this team will be better than last season, but I can see how it wouldn't.