The problem with the Caps, according to CBC's Kelly Hrudey, is that they have too much talent. The result of this surplus of skill is that, "this year, with mostly the same players [as last year], the Washington Capitals are a bad team."
They're in the top half of the League in points percentage, but are a bad team - not a slumping team, but a bad one. Got it. Good stuff, as always, Kelly.