I guess they were over rated. Their defense was stated to be arguably the best in the NHL, and for sure top 3. It was goaltending that was the issue. However now that they have acceptable goaltending, their defense doesn't really look any better.
They don't have any game breaking centers. Johnny is clearly a top talent in the NHL but as a Leaf fan who watched Kessel dominate from the wing, it wasn't until I saw Matthews and how a center controls the game so much easier than someone on the wing that I understood WHY those teams sucked.
Am I saying to trade Gaudreau? No, I am saying that he needs to be 2nd fiddle on the team. He needs to be roasting the 2nd pairings and playing the PP for them while a better center draws the top defensive assignments. I just don't think Monahan is a #1 C even if he is putting up points. He is clearly benefiting point wise from Johnny.
So IMO, they need a true #1 C and to retool before they are ready to compete. Their defense is aging, with their #1 D already 34. Brodie wasn't as good as everyone thought. Hamilton is a big strong offensive D but not consistent enough to be a #1 D in his own end. The rest are not top pairing material.
Winning the lottery would go a long way to fixing this, either by adding a young franchise D who could be sheltered and molded by the vets on defense, or a young #1 C. HOWEVER, Burke is going to Burke and trade his first unprotected. This could be a disastrous trade for the franchise that sets them back a decade.
If I am their GM, I am buying at the deadline to ensure my first rounder is not a lottery pick. Then in the offseason I am retooling, selling off almost everyone over 27 and building around the young core. They won't be bad enough to bottom out but will be bad enough to miss the playoffs so a few seasons of that should net them a top 3 pick with the lottery format.
Come back with Johnny, Monahan, etc in their primes and some home grown franchise talent entering their ELC's in a few years.