Ehhh, we kind of did. Yzerman spent next to no resources to make this team better through free agency. He made some shrewd acquisitions between Biega, Fabbri, and hopefully Timashov (although he had no influence on the season).
But by and large, he managed his first season like someone who wanted to observe and begin to clean house, and do so fully aware of what the results would look like in the standings. Continued to say nice things about Blashill and make comments that the record is not his concern in this season.
Basically everything he has done was done with wide eyes knowing the team was going to be bad, and he was accepting of that.
It might not be deliberate tanking like burning your organization to the ground like Ottawa did, but Steve got his hazmat suit on and sat in the middle of this while he allowed Covid-19 to run its course (hypothetically of course).