Quoting: Alfie11
Idk why you think you can exclude LHughes and Nemec and get away with it. This is a top 10, arguably top 5 goalie in the league, in his prime (only 26), signed for 3 years after this one at 5mil (below good starter level, already a steal and will only look better as the cap rises). Like Holtz+2023 1st wouldn’t cut it imo. Nemec+Holtz would probably be enough and frankly, the Devils could justify that. You already have Hamilton and Marino on the right side, and presumably L. Hughes and Siegenthaler on the left for your long term top 4, plus enough depth to fill out the bottom pair even if Graves and Severson walk (or bring in UFA replacements, 3rd pair guys aren’t hard to find). I wouldn’t trade L. Hughes obviously, but the Devils D is strong enough that they could trade Nemec+Holtz for Demko and be a stronger team for it.
Rarely are goalies returning that kind of value, fair or not, history just tells us otherwise. Some examples of big goalie trades below...(I set my query on netminders +/-5 years older/younger than Demko)
1987: Clint Malarchuk, age 26 for 1st (1987 #15 - Joe Sakic), two veteran forwards (Duchesne, Haworth)
1989: Ken Wregget - age 25, for two 1sts (1989 #12, 1989 #21)
1993: Grant Fuhr, age 31, for 1st (1993 #12), Andreychuk, Puppa
1995: Curtis Joseph, age 28, for two 1sts (1996 #14, 1997 #15)
1997: Jim Carrey, age 23, for package including Adam Oates
2000: Kevin Weekes, age 25 for 1st (2000 #4), 4th, 7th
2003: Miikka Kiprusoff, age 27 for 2nd
2006: Andrew Raycroft, age 26, for top-10 prospect (Rask)
2007: Vesa Toskala, age 30 for 1st (2007 #13), 2nd, 4th
2007: Tomas Vokoun, age 31 for 1st (2008 #9), 2nd, 2nd
2010: Jaroslav Halak, age 25 for top-10 prospect (Eller), prospect (Schultz)
2010: Kari Lehtonen for top-50 prospect (Ivan Vishnevskiy)
2011: Semyon Varlamov, age 23, for 1st (2012 #11), 2nd
2013: Cory Schneider, age 27 for 1st (2013 #9)
2015: Robin Lehner, age 24 for 1st (2015 #21, with Legwand)
2015: Martin Jones, age 26, for 1st (2016 #29), Kuraly
2016: Freddy Andersen, age 27 for 1st (2016 #30), 2nd
2021: Darcy Kuemper, age 31 for 1st (2022 #32), 3rd, top-75 prospect (Timmins)
There just aren't many comps that equal two top-10 picks. In most cases, the selling team had two good goalies and was trading from excess. Many had contracts due. Most were during the summer. And many were for most picks in return.