The Avs could have easily used LTIR money (they are going to anyway with Eller), they just didn't find a deal they wanted.
The expectations are high, but really they should be. This team lost some good pieces last summer, but they were addressable pieces. We've seen the prices it would have cost to replace those guys and the Avs simply didn't feel the costs were worth it. Only time will tell how this plays out. Either CMac ends with an A++ and Avs with the Cup... or he ends up with an F with a wasted contention window season. Unfair, but that is the reality.