Ok.

Ottawa declines.
Colorado declines.

Pit loses big on Ottawa trade. Guddy alone should bring back a 4th or 5th

COL hangs up and declines

20 games doesn't equal a 4th or a 5th rounder mostly because Gudbranson is making far too much. Hence the need for the ZAR sweetener and the third rounder.

Thank you.

OTT says thank you very much for ZAR and a pick, and COL probably accepts, if you make the 4th a 5th or later, they do need a goalie, especially if Francouz clearly isn't ready through the first few weeks of the season, and a below average backup (Kinkaid) goes for a 5th, an average backup (which Jarry has proved he can be) should be at least a 4th, plus you add in the fact that Jarry makes basically nothing (by NHL standards) is very young (for a goalie) and still has potential to be a starter/ 1B that can split starts evenly with a guy like Grubauer should bring it up to a third+ imo