Eh. Just keep plugging along, shedding veterans when possible and adding young pieces where you can. Note an emphasis on the former, as thus far we've been relatively inept at getting value back for expiring contracts and aging-out players, with the exception of Bieksa.
Realistically, it's going to be a long, grueling slog to get back to respectability. I've seen our prospect pool compared unfavorably to some of our Canadian counterparts who are picking around us, but...
Winnipeg Jets - Missed Playoffs 8 of the last 9 years
Calgary Flames - Missed Playoffs 6 of the last 7 years
Toronto Maple Leafs - Missed Playoffs 10 of the last 11 years
Edmonton Oilers - Missed Playoffs 10 years straight
...we missed twice in the past three years, both times rather by accident and without any kind of official rebuild in full swing. A couple of years ago we might have been at the top of a steep hill looking down, but we're only beginning to descend the slope. Bottom will come when the Sedins retire. Except quite a few more playoff no-shows before the team materializes a competitive new core, by which time guys like Horvat and Hutton et al will likely be seasoned vets in their prime, not fresh-faced rookies. The only real way around that is exceptional drafting with a lot of late round magic tricks, and the odds of that are slim (slimmer when we've spent two years jettisoning late round picks for a mounting collection of spare parts).
So...tinker around the margins. Be pretty tough to "blow up" a team where the majority of the high impact veterans are on NM contracts and would be near impossible to find trades for.
This is pretty close to where I'm at.
If they can move Burrows or Higgins, great. I can get on board with perhaps buying Higgins out, but I don't see a benefit to buying Burrows out. If there's no interest in Burrows, let the season play out and be completely out from under that contract next season.
I think the team should at least consider selling high on Hansen, and if you can move Ryan Miller toward the deadline, they should do that.
If you can bring back Hamhuis at reasonable dollars and move out Sbisa for a pick, that might be a nice bit of business, too.
The goal should always be to improve your team, so if there's an opportunity to add a good player, of course you look at it, but I wouldn't be trading for players in their 30s. If there's a free agent or two that makes sense, great.
Basically I want them to get better, but not sacrifice picks/young players to get there. I don't mind something along the lines of the Gudbranson trade (although the cost was probably too high), because we got a young player back.