That team was definitely young. The average age on that roster (if we consider all 34 players who played for the team at some point that year) was 24.67.
Many of the players had the potential to play at a high level for at least a few more years. The team's top players were all young, and most were highly motivated. Only four of the team's players were in their 30s. After the 1993-94 season, the team still had some life. Once Pavel was injured in the 1995-96 season, the team could rely on Alexander Mogilny for a short while. During the 1993-94 season, however, there was a definite decline from the previous season. The team, being younger, stayed afloat for a few seasons longer; the current team, in contrast, is older and appears to be at the end of its run. The 1993-94 team, though younger, still very much needed Pavel Bure to score at a ridiculous rate to push them into the playoffs, and one could argue that team overachieved in its run to the Stanley Cup Finals. The team was beginning its decline, but they had a star playing better than ever to keep them afloat; Jyrki Lumme and Jiri Slegr also elevated their game. The current team has no such player at the moment to counteract the rest of the team's decline.
They were very fortunate to have reached the playoffs at all; they needed Pavel to be at his best. In final 51 games of the season, Pavel picked his game up and, as I've stated many times before on this forum, scored 49 goals in the last 51 games of the season and contributed to 46% of their goals points-wise in that span. Trevor, by comparison, scored just 13 goals during that stretch; Geoff Courtnall had just 16. Those goal totals for those players are actually not too bad, but the team had the luxury of relying on Pavel.
The odds of someone saving the team this season are extremely low considering the personnel we have. This roster is older than the 1993-94 team and has no such superstar playing at his peak. Even if we add a piece, this current team is old by NHL standards and might only worsen by the year. This team is at the end of its run.
Also, a clear difference between 1992-93 and 1993-94 was the loss of Petr Nedved. Nedved contributed 38 goals and 71 points in the 1992-93 season. The team's decline was partially an issue of losing certain players; the team's top forwards (aside from Pavel) were worse than they were the previous season, but not to an enormous degree. Some of the players were a bit inconsistent, but they still played at a high level at times. That's not really the case here; instead, this current team is simply slipping. Nobody right now is improving, and generally their play is far worse than it's been in the past several seasons. Mentally, they are fragile.
This team isn't comparable to the 1993-94 team. This isn't even the 2007-08 team, as the Sedins and Kesler were on the rise to becoming elite players at that time. This team needs to rebuild.