This whole CBA mess has gotta be pretty frustrating to everyone, not only in the front office and the players, but also the fans too.
However, I think that flexibility might be a team's greatest asset right now. As far as I can tell, I don't think that we know how the cap and CBA is gonna look in 2006 and 2007 for sure - and that it can be low or high, depending on how it all shakes out.
Some of the things that made the Sabres so successful this year (compared to their recent past) are: a stable front office, a team that is hungry and built for the new NHL, and the ability to be flexible once all the new changes came out.
If you look at all the cuts that the Bills have made, they have made them to become more flexible, both in terms of the talent that they have, and flexible financially too. Sam Adams is a perfect example of this. He could have fit this team in a 4-3 defense, as long as he had another DT who could help him do the things he can't do. He isn't a good fit in any 3-4 defense. So basically, to keep him, the Bills would have been burdened financially with his cap number, AND, would have still needed to make a move to support him. Now, we all know that Ron Edwards and Tim Anderson isn't going to be the final answer at DT. However, now we have more flexibility to pick up someone via draft or free agency, without being tied down with Sam Adams's cap number. and since the terms that all teams are going to have to fill out their rosters via the draft and free agency isn't definite yet, flexibility seems to be key.
I think that Regier did a great job with how he navigated the Sabres thru the lockout and resulting "new NHL". I don't think the NFL is going to be as drastic, however, I think Marv is doing a good job in the fact that there is quite a bit of uncertainty and all the draft/free agency moves shouldn't be done in a vacuum of this.