A Weekend at Bernier's said:
While the breakdown of the trade is true, it really is retrospective analysis at its best. At the time of the Vanek deal, the Islanders looked like a good, young team who were capable of producing wins. Acquiring Vanek would help take some heat off of Tavares, provide some secondary scoring and act as a veteran presence in a young dressing room. I don't think Snow could have predicted things would have gone off the rails as badly as they have, or maybe he was simply prepared to live with the risk.
So looking at the deal now, yeah, sure, it looks awful. And I'm not suggesting Garth Snow is a great GM. But looking at the deals without a bit of context is unfair.
More to that point, and I made this argument in the Vanek to NYI thread when it happened, at some point Garth Snow had to try and land someone of Vanek's stature and the simple reality is that guys weren't coming there as free agents. Giving up what he did to Buffalo in terms of picks obviously stings but I think that a lot of the criticism of that deal from these parts reveals the world of a Leafs fan. We can't fathom making a risky trade like this because we see free agency as a viable alternative to adding high priced veterans. For Snow, who's got problems with attracting free agents that have nothing to do with him or how he's run the team, he really doesn't have a lot of options in terms of adding the sort of linemate that would really compliment Tavares. So you add Vanek and hope you can convince him to re-sign. If he doesn't, well, you move him at the deadline.
And what did the whole thing ultimately end up costing the Islanders? Well, if they'd just kept Moulson they'd have their first and second round picks but wouldn't have the picks from Montreal or Collberg. If they'd kept Moulson but dealt him they'd probably have gotten a similar return to what the Sabres got for him. So these are the three possible options for the Islanders
Option A: A full season of Matt Moulson, all of their picks
Option B: 45 games of Matt Moulson, 2 extra second rounders
Option C: 45 games from Thomas Vanek, no first round pick(with top 10 protection for this year) or second but an added second and fifth from Montreal if they make the playoffs and a prospect who was drafted just outside the first round two years ago.
So while I suppose I understand some people thinking that Option B is the way to go, I think the reality is that Options C and A end up being pretty similar in the long run and even the two extra picks are pretty unimportant to a team that's made a ton of 1st and 2nd round draft picks over the last few years. Unless you put absolutely no value on having Vanek on the team for half a season, it's tough to bury them on this one.