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At this to this post-draft THN article, Brodeur was their target when trading down. He wasn't ranked in THN's top 20, so the Devils felt safe in moving down.
The story goes that Devils scouts told Lou in 1989 about Eric Lindros, basically telling him to get another lottery ticket for the 1991 Draft if he could.
Toronto had just picked #3 in the 1989 Draft. So it was a bit of good planning and fortuitous timing that Slava Fetisov finally was allowed to come over which gave the Devils a surplus on the blue line. I'd compare it to Pierre Lacroix working for a couple years to compile as many 1998 1sts for Vinny Lecavalier.
Niedermayer wasn't the consensus #3 pick, so the Devils scouts did well there.
The Group I offer sheets of that era were a bit strange. The original team did not have the right to match (Adam Graves, Petr Nedved).
There was a bit of luck since it was up to the arbitrator (who wasn't necessarily hockey savvy) and that process was chaotic which is why it didn't survive into the 1995 CBA.
I wish the article was archived, but I remember Rich Chere having a detailed retrospective when Stevens retired. He had a quote from the arbitrator indicating that he would have sided with the Blues had they offered up starting goalie Vincent Riendeau instead of CuJo (this was very early into CuJo's career). Chere did give Lou credit for successfully arguing that Stevens was the more equitable return.
Lou "lost" a different compensation hearing later that summer that went before an arbitrator. Detroit signed enforcer Troy Crowder. Perhaps feeling emboldened from the Shanahan/Stevens ruling, Lou requested Bob Probert. The arbitrator chose the Detroit offer of Dave Barr and Randy McKay; McKay would be a useful depth forward on two Cup teams.