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Edmonton Oilers buy high, sell low

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I love when a hockey trade comes full circle:

June 22, 2007: Edmonton Oilers trade draft picks #30 and #36 to Phoenix in order to draft Riley Nash at #21.

June 26, 2010: Edmonton Oilers trade Riley Nash to Carolina for the #46 pick.

 

Let's do some accounting:

Pick #30 = $2M

Pick #36 = $1.5M

Pick #46 = $1.25M

So Edmonton comes out $2.25M in the red.  The only consolation the Oilers can take here is that neither the #30 pick (Nick Ross) nor the #36 pick (Joel Gistedt) is likely to produce anything in the NHL anytime soon.