At this point, there are still three Sutter brothers left on the team - Duane is in Hockey ops. I think Ron left. In any event, the damage is done and it will take years (5 at least) for the flames to rebuild. They have two choices. Stay with the Sutters and try to free agent a team to the playoffs, or make a move now to get some top prospect or draft pick. The problem is though, the only way they can get a number 1 pick is to trade Iggy or Kipper and the only teams that would trade will finish high this year (so the picks are not as valuable).
They had a guy last year that they easily could have gotten a top pick for - but pissed that away. Love him or hate him - Dion was worth way more than they got.
Of all the teams in the league, Calgary probably has the least promising youth. Backland, Really? Thats the best hope the Flames have? Who did the Flames pick in the first round this year? Answer - Nobody. They traded that pick away for Ollie. Who did they pick in the second round? Answer Nobody. They traded that pick away too.
To be fair, the Flames demise in drafting didn't start with Sutter. 2000 - 9th overall, Goalie Brent Krahn. Never played an NHL game for them. 2001 - 14th overall - Chuck Kobasew. Traded away (for Stuart I think it was). 2002 - 10th overall, Eric Nystrom - Good solid 4th liner - but not what you expect for 10th overall. 2003 - 9th overall. Dion Phaneuf - Their best pick in the past decade for the Flames. Traded to Toronto for ?. 2004 - 24th overall Chris Chucko - Never played a game for them (and never will). 2005 - 26th overall. Matt Pelech. Has not made the team. 2006 - 26th Overall - Leland Irving - Not good enough to play back-up. 2007 - 24th Overall - Michael Backland. The only 1st rounder they have that plays a regualr shift. 2008 - 25th overall - Greg Nemisz. Likley won't make the NHL. 2009 - 23rd overall Tim Erixon. He acyually might be useful. 2010 - No pick. 2011 - Things are looking up for a high pick.
The interesting thing here is that they picked 24th, 26th, 26th, 24th, 25th, and 23rd overall - some because they traded away higher picks, some because they were unlucky in the lottery. Some teams like Detroit, who picked Lidstrom 53rd, Zetterberg 210th, and Datsyuk (171st) can get away with it. The Flames could not.
I really don't think firing the coach and GM is going to do much to help the team in the near term, but unless it happens soon - the Flames will be the New York Islanders of the west for the next 10 years.