Yzerman is not delusional. Anyone who thinks there was some magic formula that would have allowed him to rebuild a barren roster and minor league system in five years is delusional.
The FA market is what it is. Want talent? You are going to overpay, especially if you are not a competitive team. They blew it on Holl, there is a back story we will never know on Walman, and they are asking Chiarot and the rest of their FA acquisitions to do a bit too much.
They could have made the playoffs this year but Larkin let the team, the front office, and the fan base down by pouting that they didn't acquire talent at the trade deadline. If the captain doesn't believe the players in the locker room are good enough to make it to the playoffs, the team doesn't believe it either, and if the team doesn't believe it, well, they are not going to make it.
If the fan base is going to be mad at anyone, it should be Larkin. That press conference was a shameful display. Worse, if he is saying these things in public, imagine what he was saying in the locker room. He needs to get his mind right or give up the "C."