Would you give them a second round pick on the condition that they take Strome or Hickey? I would.
Yes. But honestly I think the Isles should get even more creative. While I don't expect McPhee to take a lesser talent because of his ties to the Isles. I could see him willing to workout some trades that would be beneficial to both organizations. This could be an opportunity for both teams to sort out some roster spots, prospects and cap glut.
I would be willign to have the Isles move young talent and picks that could benefit LV while maintaining players that will help the Isles roster next year. Tied into those deals, maybe the Isles can move some salary to help both teams caps. Additionally, I can see an unprotected player from another team being more of an interest to the Isles but not LV. Maybe the two teams can cut a deal that way.