Why would they do that? No roster players back, only two picks (when MSL got callahan and 2 1sts) and they give up 3 guys to get back a max of only two. Can you show when any team has ever done anything similar? This would be a very bad way to make cap space.
Whatever the final incarnation of that proposal, it is at minimum 1OA this year, and as I have it now, also FL 2015 pick which is not too shabby. + all the cap room for ample deals on Kreider, Staal, and adequate breathing room everywhere else. Plus you get younger.
So yeah, technically you are correct it is "only two picks", specifically "3 guys to get back a max of only two" {via the picks}.
But look at the draft positioning of those picks
The deals w/Cally for MSL are 2 Ranger 1sts, both actually/projected to be extremely late. [FL 1st OA this year is a given, and I would expect significant improvement, so that's middle of the pack next year. Even at closer to 16 than 10th OA next year, that is still a huge gap.
Also while I don't begrudge you the Cally yardstick, 2 points:
1. That deal was tainted because we properly did not want Hank thinking $$ over the season on an extension, but then he asked for top top dollar. No volume or hometown discount. Ok, be that as it may, then it was make a deal for Girardi or lose him for nothing. While he could have been a bit worse, he was also still not cheap.
So not only was the cupboard relatively bare for Callahan, he asked beyond top dollar, if memory serves and #s are to be believed, he was hoping for as close to the 7m over 6 years he may get from the Sabes.
So whether it was a prudent gamble or not from a standpoint of improving the team (which it certainly did not look like up until the middle of the Pens series this playoffs), it was not a good move based on value. It was the best of a bad situation. The smart move, seeing all the variables in the equation, and getting a feel that Cally wanted a serious payout deal for retirement, the better move would have been to move Ryan during last summer when the return would have been higher, even as a rental.
2 While it is prudent to consider everything as a useful measurement tool, slavishly applying Cally deal here is not a good benchmark for reasons cited.
Every deal should stand on its merits.
If you think Ekblad is, soon enough, an upgrade over Girardi, something like this is what is in order, and it has to be done now. Like Seth Jones, once Ekblad is settled he is not likely to be dislodged and moved, and if dislodged, will cost even more.