If there's one lesson recent Stanley Cup winners have taught the teams trying to dethrone them, it's the value of building from within. The core of championship teams continues to be players who are drafted and developed by that franchise.
But finding the right talent isn't always easy. Every team has had its ups and downs since the draft began in 1963. Here's a look at the hits (and some of the misses) for the five teams in the Southeast Division on Draft Day.
CAROLINA HURRICANES/HARTFORD WHALERS
Best first-round pick: Ron Francis (1981) -- "Ronnie Franchise" got his two Stanley Cup rings with the Pittsburgh Penguins in the early 1990s, but he spent 16 of his 23 NHL seasons with the Whalers/Hurricanes franchise, piling up points -- and goodwill -- along the way. Only Wayne Gretzky has more career assists than Francis, and only Gretzky, Gordie Howe and Mark Messier finished their careers with more points. Francis still is with the Hurricanes as vice president of hockey operations.
Best pick, rounds 2-4: Kevin Dineen (1982) -- Dineen, a third-round pick during the Hartford era, made an immediate impression by scoring 25 goals as a rookie in 1984-85, then added 33, 40, 25 and 45 goals in his next four seasons while becoming one of the premier power forwards in the NHL. He never reached 30 goals after his 30th birthday, but remained in the NHL for a long time as an effective checker who could contribute offensively and was willing to do whatever was needed to win. Dineen finished with 355 goals and 760 points in 1,188 games. In his first season as an NHL coach, he led Florida to its first playoff berth since 2000.
Best later-round pick: Ray Ferraro (1982) -- Those who only know Ferraro today as a television analyst missed seeing one of the hardest-working players in NHL history. A fifth-round pick by the Whalers, he was a 30-goal scorer in his second NHL season and had 41 three seasons later. The Whalers traded him to the New York Islanders in 1990, and he became immensely popular on the Island while continuing to serve as an effective No. 2 center. Ferraro played 1,258 games for six teams in his 18 NHL seasons, finishing his career with 408 goals and 898 points.
Biggest disappointment: Jeff Heerema (1998) -- You don't expect to get a career minor-leaguer with the 11th pick in the NHL draft -- especially one who is a cousin of the Staal brothers -- but that's what the Hurricanes got when they chose Heerema in 1998 after a 32-goal season for Sarnia of the Ontario Hockey League. Heerema spent two more seasons with Sarnia, then played seven seasons in the minor leagues, earning only a 10-game stretch with Carolina in 2002-03 and 22 games with the St. Louis Blues the following season. He played his last five seasons in Europe, spending 2011-12 with Nottingham in England, where he had 13 goals and 36 points in 31 games.
Best first-round pick: Ed Jovanovski (1994) -- The Panthers made Jovanovski the first pick in the 1994 draft; he played one more season of junior hockey and as a rookie was instrumental in Florida's run to the 1996 Stanley Cup Final. The Panthers dealt him to Vancouver in 1999 as part of the Pavel Bure trade, and he later signed with Phoenix as a free agent. He stayed in the desert until re-signing with Florida in July 2011 and helping the Panthers end a 12-year playoff drought. Throughout his career he's been a productive top-pair defenseman, though he's never put up the kind of offensive numbers some people expected.
Best pick, rounds 2-4: Kristian Huselius (1997) -- The Panthers haven't done particularly well in rounds 2-4. Their best selection has been Huselius, who had a pair of 20-goal seasons for the Panthers, then struggled and was traded to Calgary. His best season came with the Flames in 2006-07, when he had 34 goals and 43 assists in 81 games. He had 25 goals and 66 points for Calgary the following season, then 21 and 23 goals in two seasons with Columbus before injuries limited him to 14 goals and 23 points in 39 games in 2010-11, and to two games and no points in 2011-12. He played briefly in Sweden this season before injuries forced him to announce his retirement.
Best later-round pick: Filip Kuba (1995) -- Florida waited three seasons for Kuba, a Czech defenseman, to come to North America after drafting him in the eighth round. He spent two seasons bouncing between the Panthers and the minors before winding up with the Minnesota Wild in the expansion draft. With the Wild, Kuba became a solid top-four defenseman, and had a career-high 40 points with the Ottawa Senators in 2008-09. He's battled injuries during the past few years, but when healthy, he's still an excellent puck-mover. Back with the Panthers, Kuba had a goal and 10 points in 2012-13.
Biggest disappointment: Denis Shvidki (1999) -- Florida took the Ukrainian-born right wing after he put up 35 goals and 94 points for the Barrie Colts of the Ontario Hockey League in 1998-99. He improved to 41 goals and 106 points with the Colts in 1999-2000, then had 15 goals in 34 games for Louisville of the American Hockey League in 2000-01, earning an NHL promotion, where he scored six times in 43 games with the Panthers. But after bouncing between the Panthers and the minors for three more seasons, scoring five goals in 33 NHL games, Shvidki went back to Russia and played there for five seasons. He has played in Germany's top league, the DEL, for the past three seasons.
Best first-round pick: Steven Stamkos (2008) -- Vincent Lecavalier holds the top spot in career goals for the Tampa Bay Lightning, but Stamkos figures to own that mark before he's done playing. The first player chosen in the 2008 NHL Draft posted the first 60-goal season in franchise history in 2011-12, then piled up 29 goals and 57 points in 48 games this season. He leads all NHL players during the past four seasons with 185 goals and 340 points, and at age 23 he's still got plenty of upside. Stamkos is one of the elite players in the NHL and figures to stay that way for years to come.
Best pick, rounds 2-4: Brad Richards (1998) -- The Lightning chose Richards two rounds after taking Lecavalier, his teammate with Rimouski of the Quebec Major Junior Hockey League. Richards, who was dealt to Dallas in 2008, had eight 20-goal seasons and topped 70 points six times in 10 seasons before signing with the New York Rangers in the summer of 2011. He won the Conn Smythe Trophy after scoring 26 points in 23 games during Tampa Bay's run to the 2004 Stanley Cup, and helped the Rangers to the Eastern Conference Final in 2012, the first time in 15 years they made the final four.
Best later-round pick: Pavel Kubina (1996) -- Tampa Bay took Kubina, a defenseman from the Czech Republic, in the seventh round, and by 1999 had a top-four defenseman with size and a big shot. He has hit double-figures in goals five times, including 17 in Tampa Bay's Cup season of 2003-04. Kubina signed with the Toronto Maple Leafs as a free agent in 2006 and was dealt to the Atlanta Thrashers in 2009. He returned to the Lightning in 2010-11 but was dealt to the Philadelphia Flyers in February 2012. He played briefly in Switzerland this season.
Biggest disappointment: Alexander Svitov (2001) -- Talk about a swing and a miss. The Lightning took Svitov with the No. 3 pick 12 years ago, left him at home in Russia for a season, then brought him to North America in 2002 -- only to deal him to the Columbus Blue Jackets the following season. Svitov fared no better with Columbus, splitting time between the Blue Jackets and their AHL team in Syracuse before returning to Russia in 2007.
NHL DRAFT: HITS AND MISSES
Best first-round pick: Alex Ovechkin (2004) -- As good as the Washington Capitals thought Ovechkin might be when they picked him with the first choice of the 2004 NHL Draft, he's been better. Ovechkin became the most feared gunner in the NHL, topping 50 goals in four of his first five NHL seasons; his 32-goal season in 2010-11 was the poorest of his career, and his 65 points in 2011-12 were a career low, although he scored 38 times. There were rumors he was fading a bit when he got off to a slow start this season, but a strong second half enabled him to lead the NHL with 32 goals in 48 games and win his third Hart Trophy as MVP. At his best, he's a lethal scorer who brings a joy to the game that few players in history have matched.
Best pick, rounds 2-4: Michal Pivonka (1984) -- The Capitals selected Pivonka with a third-round choice, but had to wait three years for the Czech center to make it to North America. Pivonka never became the star some thought he'd be, but was a solid player for a decade in Washington, putting up four 20-goal seasons, four 50-assist seasons and five seasons in which he had 60 or more points. After scoring 81 points in 1995-96, injuries during the next three seasons cut short his career.
Best later-round pick: Peter Bondra (1990) -- The collapse of the Iron Curtain opened a new pool of hockey talent to NHL teams. The Capitals found one of the gems when they used an eighth-round pick to nab Bondra, a Ukraine-born Slovak who had starred in the Czech League. After scoring 12 goals as a rookie in 1990-91, Bondra began a streak of 14 seasons with at least 20 goals, highlighted by 52-goal performances in 1995-96 and 1997-98, when he helped lead Washington to the Stanley Cup Final. He finished his NHL career with 503 goals, 472 as a Capital, the most in franchise history.
Biggest disappointment: Alexander Volchkov (1996) -- The Russian-born center was picked No. 4 after a 37-goal season with the Barrie Colts of the Ontario Hockey League. He had 29 goals and 82 points for the Colts in 1996-97, then turned pro -- and saw his scoring touch disappear. Volchkov never scored more than 11 goals in the minors and played only three games with the Capitals. He returned to Russia in 2000, and last played in Kazakhstan in 2010-11.
WINNIPEG JETS/ATLANTA THRASHERS
Best first-round pick: Ilya Kovalchuk (2001) -- Atlanta made the playoffs just once before the move to Winnipeg, but it would be hard to blame the franchise's struggles on Kovalchuk, who has developed into one of the most dynamic scorers in the NHL. The Thrashers dealt him to New Jersey in February 2010, and he added a two-way component to his game while remaining one of the NHL's most consistent scorers -- earning First-Team All-Star honors for the first time in 2011-12. Kovalchuk had a streak of nine consecutive 30-goal seasons (including two 52-goal efforts) before the shortened 2012-13 schedule and a knee injury limited him to 11 goals this season. He joined the 400-goal club in 2011-12 and has more goals than any other player during the past decade. He was New Jersey's top scorer last spring as the Devils advanced to the Stanley Cup Final for the first time since 2003.
Best pick, rounds 2-4: Ondrej Pavelec (2005) -- One reason the Thrashers spent most of their existence outside the playoffs is a lack of success drafting in Rounds 2-4. Pavelec, a goaltender taken in the second round in 2005, has had fits and starts but is proving capable of being a full-time NHL goaltender. In the franchise's first season in Winnipeg, he was 29-28-9 with a 2.91 goals-against average, and then went 21-20-3 with a 2.80 GAA this season.
Honorable mention: Patrick Dwyer (2002)
Best later-round pick: Tobias Enstrom (2003) -- Enstrom, a small, offensive-minded defenseman from Sweden, didn't come to North America until 2007, but he's been an effective player in his six NHL seasons. Enstrom made the All-Rookie team in 2007-08 and has been the franchise's most effective offensive-minded blueliner almost from the day he arrived. He had six goals and 27 assists in 62 games in 2011-12, and posted 15 points in 22 games this season while missing substantial chunks of time with injuries.
Biggest disappointment: Patrik Stefan (1999) -- Stefan spent six seasons with the Thrashers and played a total of 455 NHL games, but never came close to putting up the kind of numbers Atlanta expected after he was the first draft pick in franchise history and the first player taken in the 1999 draft. Stefan never had more than 14 goals or 40 points in a season, was a plus player just once in Atlanta, and was plagued with concussion-related problems. He spent a season in Dallas and signed in Switzerland, but played only three games there before retiring in 2007.