I think whether seats are sold depends on the quality of the rebuild.
If the rebuild is akin to Ottawa and Detroit, where they are no top 3 picks, and things drag on, then yes.
But if it's like San Jose, Chicago, Rangers, Toronto, where there are 1st OA picks, then I believe seats would be sold.
If it's like Buffalo, then I believe seats would be sold at first, but eventually the enthusiasm would fade.
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