We are not even a quarter of the way through the 2018-19 NHL season and it is already clear that things are not going anywhere near as well for the Vegas Golden Knights as they did in their inaugural season.

They enter Wednesday’s game against the Anaheim Ducks (10:30 p.m. ET, NBCSN) tied for the second-worst record in the Western Conference, ahead of only the Los Angeles Kings, and have quite a bit of work to do to get themselves back into a playoff position. Regression from a Stanley Cup Final appearance in year one was inevitable, but this might be even more than should have been expected given just how good they looked a year ago.

Goaltending has been a major culprit in the fall, but injuries and a 20-game suspension to one of their top defenders (Nate Schmidt) have also ruined what little depth the team had.

Even last year when Vegas was rolling through the Western Conference it was a very top heavy team that had some question marks after its top line. The complete dominance of the Jonathan Marchessault–William Karlsson–Reilly Smith line, as well as a career year from Marc-Andre Fleury, helped mask whatever flaws may have existed on the roster.

[Related: Golden Knights look to get back on track on Wednesday Night Hockey]

Keep in mind this team a year ago had a minus-17 goal differential at 5-on-5 when its top line was not on the ice (it plus-24 with the the top line on the ice).

But with those top players coming back, and Erik Haula coming off of a breakout season with his first real look in a significant role, and the offseason additions of Paul Stastny and Max Pacioretty to hopefully — at least in theory — form what could have been a second dominant scoring line, there was plenty of reason think Vegas could at least be a playoff team once again, if not an actual contender.

Things have quickly gone awry from that plan.

Especially as injuries have mounted and the goaltending has collapsed on itself.

Pacioretty missed four games due to injury earlier this month and has yet to make the expected impact when they acquired him from Montreal for a trade package centered around Tomas Tatar (who has been great in Montreal) and 2017 first-round draft pick Nick Suzuki. As of Wednesday, he has just two points (both goals) in 14 games.

Stastny, their big free agent acquisition, has been sidelined since Oct. 8 and has only played in three games this season. In the words of coach Gerard Gallant on Wednesday, he is “not even close” to returning.

He and Pacioretty have spent just 43 minutes on the ice together this season.

As if that has not been enough, they recently lost Haula — 29 goals a year ago — to an ugly looking injury that required him to be stretchered off the ice and is going to keep him out of the lineup on a month-to-month basis.

Sprinkle in some additional injuries to the likes of Alex Tuch, Cody Eakin and Deryk Engelland (who was one of the many pleasant surprises on the team a year ago) and the lineup has been consistently depleted this season.

General manager George McPhee was recently on Fan 590 in Toronto and talked about the situation, saying “we aren’t deep enough yet to not have everybody in.”

Via The Sin Bin.

I’d like to get healthy, for one game. just to see what we are. We just haven’t been. You know we rebuilt our second line and I think they’ve played two and half games together. Stastny’s been out most of the year, Pacioretty was out, Haula’s out, Tuch’s been out. We aren’t deep enough yet to not have everybody in.

If there is any good news on the horizon it’s that Schmidt will be eligible to return from his suspension on Nov. 18, which should give a boost to the defense.

But when it comes to everything else their options may be limited to just simply waiting. And hoping.

They have to wait for Stastny and Schmidt to get back in the lineup.

They have to hope Pacioretty breaks out of this early funk.

They have to hope Fleury’s early struggles are just that — early struggles — and not the beginning of the end for a 34-year-old goalie that just signed a long-term contract extension this summer.

Beyond that, what are the other logical options here? Vegas still has a lot of draft pick capital at its disposal, but at some point there has to be a big picture outlook where it has to remember that even with its year-one success this is still an expansion team building an organization from the ground up. It can not keep shipping away draft picks and prospects and ignoring the future.

All of that salary cap space the Golden Knights had at their disposal in future years has also quickly started to go away with several long-term contracts signed over the past few months (Marchessault, Smith, Fleury, Pacioretty, Tuch, Schmidt, Brayden McNabb, and Colin Miller are all signed through at least the 2022 season, while Stastny is locked in through 2021.  Karlsson will once again be a restricted free agent after this season and is currently doing enough to show he, too, is worth a long-term deal).

Everything went right for Vegas in year one, and it produced an incredible, almost too good to be true story. They are going to need everything to go right the rest of the way this season if they are going to come close to repeating because, so far, everything has worked against them. It all has them facing quite a deficit in the standings.

MORE: Your 2018-19 NHL on NBC TV schedule

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Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.