They're trying to make the playoffs even if a deep run isn't necessarily likely without Hughes. There can be ownership pressures to make the playoffs since there's revenue to be had from home games. I know we like to think of it as Cup or bust, but it is still a business.
They retained yesterday to gain an asset since we weren't using any retention spots. We'll see what else the Devils do tomorrow to see if the retention on Dumoulin ended up being necessary but for now it does give them a little more flexibility to make another move.
Anaheim did well though, not disputing that. But at this point, making the playoffs is a target for the Devils. Would send a bad message to the locker room if they packed it in after the Hughes/Hamilton injuries. I love the draft, but a late 2nd isn't something I'd get hot and bothered about especially if this class is below average as has been the indication.