Quoting: DoctorBreakfast
You have to look at comparable situations. You can't just look at guys like Darling and Bishop and compare them to Grubauer's situation. Both of those guys were UFA's, so giving up 1st simply for negotiating rights would have been a very high-risk gamble. Grubauer's RFA status is the key here. Whoever he gets traded to will hold his exclusive rights, and that is much more valuable than simply 2 weeks of negotiating rights. Because of this, he can also be signed to a much lower salary, as he cannot simply go to the open market and fetch the highest bidder. Couple that with the fact that he's only 26 and can be a long-term solution, and that adds even more value.
The examples I provided that did fetch 1st round picks were all closer to the Grubauer situation than that of a Scott Darling or a Ben Bishop situation.
Oh, I'm aware of the situations...
The only goalie I would give up a first round pick for is Connor Hart...
Maybe some GM will give Washington a first for Grubauer, but I wouldn't... There is just too little competition among GM's and too much competition among goalies... If a GM needs a goalie he can find an adequate one without having to give up a first round pick, so I don't understand why a GM would offer one up. Sure, maybe a late first round pick in a bad draft. You also have to remember draft quality plays a role, so a first round pick is objective.