The 2011 NHL Entry Draft weekend was totally overshadowed by two mega-deals pulled off by the Philadelphia Flyers. Out are Mike Richards and Jeff Carter – two players who both thought they would stay in Philadelphia for their entire careers; in are a handful of highly touted prospects. The deals allowed the Flyers to finally acquire a legitimate goalie, one who is a Vezina Trophy finalist.

Other deals rose more than a few eyebrows: Brian Campbell, once thought definitively untradeable, found himself dumped in Florida for a former prospect turned big league bust; and Calgary jettisoned both Robyn Regehr and Ales Kotalik for a couple of spare parts in Buffalo.

The Brian Campbell deal is easy to understand: the Florida Panthers needed to reach the cap floor and still have about $20 million to go, even with Campbell’s $7 million cap hit. They could hypothetically offer Brad Richards a max contract and require further money wasting.

Alternatively, the Robyn Regehr deal represents everything wrong in Calgary.

Tomorrow marks the one-year anniversary of the trade that brought Dion Phaneuf to Toronto. It was a day met with glee and excitement around Leafs Nation. The Flames were immediately derided for trading a former Norris Trophy candidate at his lowest possible value for a package of cast-offs from the worst team in the Eastern Conference. However, the Flames haven’t exactly missed Phaneuf, but they haven’t really enjoyed the Matt Stajan era either.

But this isn’t a post trying to explain how the Leafs won the trade. It doesn’t really matter who won. Both teams got what they wanted. Calgary needed to save cap space and they did. Unfortunately, they didn’t spend their cap savings wisely, but that’s one reason Darryl Sutter is no longer employed as the team’s GM. Whereas in Toronto, Burke continued to makeover his roster, shipping out players inflicted with losers’ syndrome, while acquiring a young and talented (albeit flawed) player with the type of potential unavailable without the luxury of owning a first round pick.

This is a post examining what’s transpired over the course of a year. A post that will look to the future to see if this is still a deal that will help the Maple Leafs in the long-term. A year ago I said the only way this deal could fail is if the Leafs’ paired Schenn and Phaneuf, causing Pierre McGuire to masturbate on air. It hasn’t exactly worked out that way, but are the Leafs in a better place than they were a year ago? I think it would be hard to argue otherwise. But it hasn’t been pretty.

The Calgary Flames went through the pre-season without losing a game and convinced everyone in Calgary that their team would rebound from a disappointing 2009-2010 to contend in a tough Western Conference. Well, that certainly hasn’t happened. The Flames are currently second last in the Western Conference – only two points above the last placed Oilers.

In actuality, the Flames have been a major disappointment every year since they made a surprising run to the Stanley Cup Final in 2004. They got lucky in 2004. Kiprusoff played out of his mind, Iginla was good enough to carry the team, and the rest of the players were hard-working and chipped in big goals at opportune moments. Everything came together for the Flames that season. It was magical, and expecting the Flames to duplicate that run was insane.

They followed up that season by winning the Northwest Division in 2005-2006, but were upset by the Ducks in the first round. They failed to make it past the first round in each of the next three seasons and missed the playoffs entirely last year.

It isn’t surprising that the Flames have performed at this mediocre level. They’ve always been good enough to contend for a playoff spot, but never strong enough to actually make any substantial run at the Stanley Cup. They’ve essentially had a team good enough to stay afloat, but not good enough to actually excel.

This reminds me of a team I know well. This team I know had major problems like the Flames, but continued to bandage their cracks instead of fixing their Grand Canyon sized holes. This eventually led them to become one of the worst teams in the league.

In honour of Dion Phaneuf’s return to Calgary tomorrow night here are all the reasons why the Flames reflect the hapless Maple Leafs of the post-lockout. That sentence alone should convince the Flames that they desperately need to re-build.

I was going to wait to post this until closer to the trade deadline, but since Burkie and Sutter have gone crazy I thought it was appropriate to post it sooner.

GMs of terrible teams look fondly upon the 2007 trade deadline with the same wistful eyes that cocaine dealers get when remembering the 1980s.

This is the trade deadline that made rebuilding even more difficult than it already is. That’s because the 2007 trade deadline is better characterized as the year of overspending or the year of ignorance. Since it was only the second year after the lockout teams didn’t quite realize the tremendous value of draft picks in a cap system, especially first round picks. When you commit a large sum of your cap space to a small group of core players you continually need to replenish your remaining roster spots with young, cheap talent. Having young players make meaningful contributions, while still on their rookie contracts, is essential. GMs who believed they were on the cusp of a Stanley Cup run, or worse, on the cusp of only the playoffs, traded their picks faster than a crack addict selling their sex.