Frank E said:
What I'm reading here is that "well, the market was obviously soft, so what are you going to do? It is what it is, Lou can't force trades." That sort of excuse from a pretty severe miscalculation has resulted in pretty big miss in terms of an extra $15m or so of payroll. I promise you that the board isn't going to just say "ya, shit happens, good luck next year. Let's do exactly the same thing again and hope for a better result. No problem."
And nobody is saying that the board is going to say that. If everyone is smart and works through the performance review process, they'll have a meeting, discuss what their goals were and why they think they didn't meet them. At that point the management team of the Leafs will explain where they think they made their misjudgments to the owners, and what their plan is to address those issues next year.
They failed yesterday in their plan to turn short term, one year investments in to draft picks. That is one part of an overall plan to build a cup contender that fell through. If Rogers comes in, and yanks the carpet out from under them because one deadline day didn't go as swimmingly as they had hoped, well then Leaf fans, buckle because we've seen this movie before. What you are saying is akin to Tim Cook walking in to the iPhone development department and saying "The wireless drops occasionally. Unacceptable, you are all fired, lets can the iPhone project."