There is no way I would blow this team up yet with the level of parity in the league. On paper, Minnesota is still a consistent playoff caliber team, albeit a lower-end one. No GM is going to dismantle a competitive roster after seeing the Islanders, Canes, and Knights win rounds with a weak team on paper.
Excellent defense and goaltending will always keep you in the mix, even with an anemic forward group and a few bloated contracts. There may be an opportunity to get out from under one of those anchor deals (e.g. Parise) with the Seattle expansion. Other than that, they're lacking a legitimate top 6 offensive centre and maybe some flare on the right wing, neither of which are impossible issues to solve.