Not necessarily- most of the teams who completely bottomed out 5-10 years ago are now competing for flagsIt is a rebuild, it's just that gutting your list has proven to be folly in the modern era.
Eg
Melbourne 13-14. Prelim 18, flag 21
Carlton 15-18. Prelim 23. Currently tracking for another flag tilt
Bris 15-17. Finals 19-24. Many flag tilts, lost close GF 23.
Saints bottomed out from 2013-15 but just made crucial mistakes.
If we'd drafted better, made wiser list choices, we probably would've been competing for flags from 2020 onwards instead of a middle team (6, 10, 10, 6 last 4 years). If we had a Bontempelli level player the last 4 years (who we passed up for Billings) and another good player (say, if Carlisle's promising career hadn't been prematurely ended by injury) we probably make a prelim or two.
"Renovation" is a fair term. Saints can compete in 25 or 26 if things go well. They're not too far off it.
They're only 2 star players off top 4 I reckon, and do have a few good young players and a war chest. Which means 2 stars may yet appear.
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