Tavares could start bringing it back, though. Remember it all started in Long Island in the 80s when they had some good draft picks...Denis Potvin (1st overall 1973, 1052 pts for the Isles), Clark Gilles (4th overall 1974, 663 pts for the Isles), Bryan Trottier (22nd overall 1974, 1353 pts for the Isles), Mike Bossy (15th overall 1977, 1126 pts for the Isles, half goals, in only 10 seasons). They did it from the draft then, and they could be in a good position now. Let's look.
Assuming it takes 7 seasons to build a champion, let's look at the NYI picks from 2001-2008, first rounders.
2001:
NYI did not draft until selection 101 in the FOURTH round. This is a bad sign already.
2002:
22nd overall: Sean Bergenheim. Currently plays for the Islanders. Career total: 33 pts.
Who did they miss? Cam Ward (2006 Conn Smythe winner), Duncan Keith (Hawks staple on the blue line), Matt Stajan (decent 2nd line centre for TML), Matthew Lombardi (perennial 20 goal scorer for Calgary/Phoenix).
2003:
15th overall: Robert Nilsson. Went to the Oil in the Ryan Smyth trade. Isn't doing that hot there.
Who did they miss? Zach Parise (40+ goal scorer for NJ), Ryan Getzlaf (40+ goal scorer for Anaheim and a nice guy), Corey Perry (30+ goal scorer for Anaheim), Shea Weber (big PP d for Nashville), Patrice Bergeron (solid 2nd line centre for Boston), Matt Carle (good 3rd or 4th d, not sure who he's with now), Dustin Byfuglian (20+ goals for Chicago), Jaro Halak (backup and sometimes prime goalie for MTL, 2.3 something GAA). And that's not including the extra 2 dozen guys who are NHL regulars unlike Nilsson.
2004:
16th overall: Petteri Nokelainen. Played 15 games for the Isles with 1 point, got hurt and traded to Boston for a minor leaguer.
Who did they miss? Marek Schwartz (2nd line forward for STL), Mike Green (Norris Trophy lock for this year, one of the best PP defensemen in the League, plays for Wash),
2005:
15th overall: Ryan O'Marra. Traded to Edmonton for Smyth. Has yet to play a single NHL game.
Who did they miss? The following have become NHL regulars or are going to be soon. Ryan Parent, Tuukka Rask, Andrew Cogliano, Matt Niskanen, Steve Downie, Paul Stastny, Tom Fritsche, Kris Letang, Kris Russell, Cody Bass, Tom Pyatt, Darren Helm, Brett Sutter, Matt D'Agostini, Sergei Kostitsyn,
2006:
7th overall: Kyle Okposo. FINALLY a good pick. This kid was hot in University hockey and has contributed since joining the Isles. He needs a centerman though.
Who did they miss? Still early, but...Milan Lucic is the only player I see who might have a greater upside.
2007:
DID NOT DRAFT. This year's pick went to the Oil, who blew it on a noone.
2008:
9th overall: Josh Bailey. No idea, still too early.
But, let's compare to STL in the same period. No analysis, just names.
1st round picks for the Blues in that period: Shawn Belle, Marek Schwartz, TJ Oshie, Erik Johnson, Patrik Berglund, Lars Eller, Ian Cole, David Perron, Alex Pietrangelo. MUCH BETTER LIST.