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I always try to rebuild through the draft and by picking up solid deals to fill out my team. Once I have a solid core then I will spend some big $ on a few key free agents.
You can go out and spend lots of $$$$ on free agents but to build a sustainable winner you need to start from the ground up ie. todays Penguins Sure you have to really stink it up for a few seasons but it's short term pain for longterm gain.
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