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Except that the successful teams stay competitive despite late first round picks. Teams will get better by developing better organizations, especially scouting departments and non-playoff teams will still get to pick before playoff teams even in my scheme.
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No they stay successful by having a core of very good players they usually drafted top 5 overall, and surrounding them with interchangable peices. Some team did better getting later 1st round guys but most are top picks.
Top 4 in each Division and key players
1. TB - Stamkos and Hedman
2. Detriot - Zetterberg and Datsyuk (Before other teams scouted Europe)
3. Montreal - Galchenyuk, Price
4. Boston - Great FA signing in Chara
1. Islanders - Tavares
2. Pitts - Hoard of players
3. NY Rangers - Exception as Boston
4. Washignton- Ovy
1. Nash - Seth Jones, Colin wilson (later at 8th overall) - Got a superstar late in Weber
2. St.L - Piets
3. Chicago - Toews and Kane
4. Winnipeg - GO WINNIPEG
1.Anaheim - Getz and Perry - 1st rounds but lower. Great picks exception to rule
2.Vancouver - Sedins
3.SJ - Thornton, a 1st overall who got traded in a rip off
4.Calgary - Monahan and Gio, and undrafted steal
So unless you get a amazing/lucky mangement move (Gio signing, Thornton trade) almost every team has 1 or 2 impact players drafted in the top 5, and most have a #1 pick.
None of these team except Boston has a FA as their core/best player. And that was only because of a monumental mistake by Ottawa.
Teams finishing 9-11th are perpetually screwed. Look no further then the Flames. In an every team missing playoffs get an equal chance, bad luck can stick a team who is terrible with a mid pick forever