You’re discounting how fertile the situation was when Holmgren took over to an insane degree.
How many GMs take over with 21 y/o centers of Carter & Richards’ caliber?; plus a 19 y/o center Giroux’s caliber; plus a 26 y/o 41 goal scorer (Gagne); plus a 22 yr old 4th overall defenseman coming off 2 40+ pt seasons (your attempt to act like Pitkanen wasn’t considered a blue chip young D with tons of trade value is what is disingenuously “revisionist” here; plus an all-time great center with huge deadline trade value (Forsberg); plus the #2 overall pick (you’re unfairly acting like an 18 y/o JVR (who is now a $7M player) isn’t a good asset); PLUS the money to sign Timonen, Briere, Hartnell & Biron ????
And you think that’s “morbid”??? That’s an existing framework for one of the best young cores in the league.
Yes, I do, because that's just stuff. That isn't a team. Carter and Richards were a decent head start, Gagne was a great player, Forsberg had trade value, they sucked their way to the right to wait 3 years for JVR to become an NHL player. Pitkanen was good and might've had "value" but he alone wasn't a defense. Cool.
They had cap space back when EVERYBODY had cap space: The cap in 2005 was $39 million. It was $44m the next year and $50.3 million for Homer's big offseason. That's a 28% increase in two seasons, literally the same percentage shift as if the cap went up to $90 million this summer and $103 million in 2020.
Plus, most of the veteran guys who signed right after the new CBA only locked in for one or two years because of that uncertainty. So everyone had multiple expiring contracts PLUS 14% more cap that summer. It's not like there'd been some brilliant cap management that put them there, basically everyone but the Red Wings and Devils had money to work with in summer 2007. That's why there were such intense bidding wars for Briere/Drury/Gomez, and what really kickstarted the price escalation to current levels. If everyone had $10+ million more to work with this summer, c'mon.
This is the 2006-07 roster. There is no debate. It was one of the oldest teams in the league entering that season and it wasn't any good. That team was trash, and there was no future coming to help.
Here's all their draft picks in their history. Look at the years proceeding 2006: Giroux, Downie, and then basically nothing of use that wasn't in the league or already traded away by Clarke.
You can dislike Holmgren, he sure as hell gave plenty reason. But acting like he walked into a great and "fertile" situation is silly. He didn't. The franchise was an absolute mess. Compare that to today.