Let us first examine the most recent examples of teams moving up/down in the draft (from the 2010 draft):
2010 first round pick (#15-Derek Forbort)
To FLA
2010 first round pick (#19-Nick Bjugstad),
2010 second round pick (#59-Jason Zucker)
So that is a late second rounder (59th) to move up 4 spots to the lower-mid of the first round.
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To NYI
2010 first round pick (#30-Brock Nelson)
To CHI
2010 second round pick (#35-Ludvig Rensfeldt)
2010 second round pick (#58-Kent Simpson)
So that is a late second rounder (59th) to move up only 5 spots to the bottom of the first round.
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To MTL
2010 first round pick (#22-Jarred Tinordi)
2010 fourth round pick (#113-Mark MacMillan)
To PHX
2010 first round pick (#27-Mark Visentin)
2010 second round pick (#57-Oscar Lindberg)
So that means MTL downgraded their low second into a mid-lower fourth (-56 spots) in order to move up 5 spots.
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What this tells us is it costs at least a mid-low second rounder to move up 4 or 5 spots when in the bottom half of the first round. Now considering MTL got a fourth back in their deal above, I would say either PHX didn't get enough or NYI over paid in their deal. Or that could just have been NYI's premium for acquiring their trading partner's (CHI) only first round pick. I imagine there is a price to be paid for not having the chance to get your team's name in lights during the prime time draft show.
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