I thought market value was what a player fetches on the trade market. Therefore the market value appears to have been a protected 1st plus 4th upgradeable to a 3rd.
Well, then market value has gone up and is ridiculously high for underperforming players... So it is good that we are not in that market.
Previously, the market was seemingly a 2nd round pick for those kinds of guys: Andersson, DeAngelo, Bean, etc.
Guys who went for more than that were better and more proven than Lundkvist. In fact, I would probably pay a 2nd for the guys above before I would pay one for Lundkvist.
This is a pure case of "market value is what you are willing to pay for someone"... Which is fair. Clearly Dallas sees something in him that they like and were willing to pay more than anyone else to get him, and take the risks associated with it blowing up in their faces. One would hope they are making a calculated risk, because if you are risk-seeking and are not making calculated risks, then you are just stupid and counting on pure luck. In general, however, there is a reason why benchmarking, forecasting, and comparables exist. You can choose to go against those if you wish, which is also why things like stocks go up and down, but they serve a purpose of a baseline set of expectations by which people can make decisions and derive value. Companies buy other companies for more (or possibly even less) than their market value all of the time, but if you do something similar to what Adobe did when they bought Figma recently, then it is not like people think "Oh, that is just market value now"; they think "Wow, Adobe really overpaid" and then there is a ripple effect, which in this case was reflected in Adobe's stock price dropping about 25% in the course of a week.
It would be the same thing as if Dubas traded two firsts for a 4th liner tomorrow. I don't think the market value for a 4th liner suddenly becomes a pair of firsts. Now if a bunch of teams started doing it and decided to agree that was the price for those kinds of players... Well then that is different and more than an outlier. Right now, Lundkvist is an outlier.
Long story short, there are a lot better assets that have consistently gone for a similar price to what Lundkvist just returned, and I think the vast majority of teams would agree with me when I would say that I would rather spend those assets on those players or just keep them than make the trade that Dallas just did.