What's the point of this?

I believe they are demonstrating the wholistically, the Canes did not improve over the offseason, highlighting the players that left and the players that replaced them.

Canes should have just gone over the cap you're right!

Dzingel wasn’t a fit. He had to take a 1 million deal from Arizona
Ned wasn’t worth 4.5 million
Mrazek wanted 3 years, canes weren’t signing him that long
Raanta is a better goalie than Reimer
Foegele isn’t worth top 6 minutes and wasn’t getting them here
Dougie isn’t worth the contract
Bean isnt a top 4 defender or worth that money
Hakanpää wasn’t a fit for our system

No need for 3 NHL goalies = $3.8 saved
No need for 3 rentals = $3.6 saved
No need for Jake = $4 saved

Now you're cap compliant

Cool story bro.

The fact still stands this year's team is worse than last year's.

Cool story bro, you have zero way of knowing that.

The Leafs had Freddie all those years with easily a better team on paper than the Canes and still failed to win a playoff round.

Freddie and the oft injured Raanta will not be an upgrade.
Losing a Norris trophy finalist can not be replaced.