With the Leafs mired in another death spiral, the core is coming under increased scrutiny. The major question in Toronto is whether you can win with Phil Kessel and Dion Phaneuf.

It's certainly possible. And you have to look no further than the team who has won two of the last five Stanley Cups.

The next great Chicago Blackhawks yard sale is tentatively scheduled for summer 2015. At that time both Patrick Kane and Jonathan Toews are unrestricted free agents and keeping them both is going to make the Hawks cap situation very interesting.

After winning the Stanley Cup in 2010, the Hawks were gutted in the off-season, unloading Dustin Byfuglien, Kris Versteeg, and Andrew Ladd (among others) in trades, walking away from Antti Niemi's contract in arbitration, and letting useful bit parts like John Madden and Adam Burish walk in free agency. In other words, the Hawks lost a first-pairing defenceman, a No. 1 goalie, two top-six forwards, and a whole lot of depth. No wonder it took two years for the Blackhawks to get back to the top.

Last summer's post-championship off-season didn't hurt the Hawks quite as much, with far fewer significant pieces departing, but the Hawks' depth was still hurt. Chicago dealt Dave Bolland and Michael Frolik in trades, and lost Ray Emery and Viktor Stalberg to free agency.

Expect the next Chicago sell-off to look more like the post-2010 Cup trade bonanza rather than last year's shuffling, because Toews and Kane are going to bring in monster salaries and everyone else is going to feel the squeeze.

The Chicago Blackhawks announced a trio of signings today and, in the process, solidified their competitiveness for the foreseeable future. The Hawks signed Patrick Kane and Jonathan Toews to identical 5-year deals worth $6.3 million per season, while signing Duncan Keith to a monster 13-year deal worth $5.5 million per season. While signing these three players was absolutely essential for the Hawks, the deals do come with some negative consequences.

The first negative is the Hawks' dwindling cap space. This is a product of some questionable deals made by Dale Tallon a few years ago. The major problem is Brian Campbell and his salary of $7+ million per year. Oh, there’s still six years left after this season. Campbell isn’t playing horribly. He has 14 points and is plus-6, although he only has one goal. However, if you’re paying a player over $7 million a season you’d like more production than that. The second problem is Christobal Huet, who is making over $5.5 million for the next two seasons. His production is acceptable and solid goaltending doesn’t come cheap, but this isn’t the best contract. The Hawks cap issue is also compounded by the Marian Hossa signing. Hossa is an awesome talent, but at the time I thought that signing would create trouble for the Hawks both in the immediate future (now) and in the long term (since Hossa is signed for 12 years—until he is 42). These signings created the cap problems the Hawks now face.

There are rumours that the team president, John McDonough, pushed these free agent signings because he didn’t believe the young Hawks were ready to take the next step without help. The media savvy McDonough also desired to make a large splash in the Chicago sports market. It may have been prudent to wait, since the young Hawks such as Toews, Kane, Keith, Cam Barker, Brent Seabrook, Kris Versteeg, Dustin Byfuglien and Dave Bolland have progressed so rapidly. Although Chicago was the laughingstock of the league for over a decade, so I can’t entirely fault the management for wanting to create a winner at the first opportunity. And if the Hawks are able to win the Stanley Cup this year then the moves will be successful. However, if the Hawks are unable to achieve the Stanley Cup they will not have the same team to make another deep run next spring.