Conroy mentioned the Dallas model.
If the Flames want to fast-track the rebuild, they're probably going to look like LA.
Like the Flames, the Kings had some very good veterans when the team entered it's decline. Better veterans, hall of famers in fact.
The core of the Cup teams got old. The Kings ended up picking top ten for three straight years and top eleven in four of five drafts. The Flames look to be trending that way.
The Kings return to relevance hasn't really been due to their drafting and development. It's been due to (primarily) Kopitar and Doughty still playing well and the organization speeding things along by trading picks and young players for immediate help. Dubois/Arvidsson/Fiala/Gavrikov. They traded a likely Calder finalist in Brock Faber.
On the surface, there's nothing really wrong with the LA model. They've had good regular seasons and made the playoffs three consecutive years. Something Calgary hasn't done since the Iggy/Kipper era.
The LA model is really a matter of philosophy. Do you want to be a playoff team, or do you want to be a contender? LA is a playoff team. They're nowhere near a threat in the West. If you're an owner you're probably ok with your two or three home playoff dates a season. LA relies so heavily on Doughty and Kopitar, when they decline/retire, I think they are a team in no-mans land. I like Byfield but he's not a Kopitar and I like Clarke but he's no Doughty. Because they elected to speed things up, they've traded a lot of futures and haven't drafted all that well recently. They sped it up and it worked, it's just not something built to last IMO.