Capfriendly tweeted they made no trades prior to the expansion draft so I think that was it. I get not taking all of the risky contracts but I am quite surprised they didn’t bite on any of them.
And this fact colors the "Johansen and Duchene" debate somewhat differently.
Instead of assuming Poile is hellbent to get rid of those two, what if Francis showed his cards to the other NHL GMs? What if the "green light to spend" was a last minute smokescreen? What if most GMs knew beforehand that Francis was going to bargain bin dive and was going to go with younger players and manageable contracts only?
If that were the case, you might "risk" putting the veteran Vezina and Hart winning goalie on a big dollar contract who carried your team to the Cup finals this year on the unprotected list, knowing that contract effectively means he's protected either way. You'd do that to protect your backup goalie, who might have the experience and contract that Francis was salivating over.
Same thing might go for another team who chooses to protect several unproven but promising prospects rather than "core" players, since they have a really strong sense that Francis is a "build through the draft" and conservative cap spender. That is what he was billed as before the expansion draft and now that the results are in there is little evidence to the contrary.
In the postmortem of the expansion draft, Francis only took 1 contract in $6M range and 2 others in the $5M range. Not one player more expensive than that. He took 11 contracts in the $1M range and under and 9 free agents, 7 of whom were RFA. This expansion draft was very thrifty.