If NYR tries to give Shero a 7th round pick or a crappy player, he should stand his ground and put the pressure on NYR and Kovalchuk to get something better.
If NYR offers a 3rd round pick, Shero should take it.
I'm not sure what you think Kovalchuk's value is but it's not much higher than a 3rd or a late 2nd or a prospect of equal value.
But this isn't what you have been saying. You constantly say he will get nothing and has no negotiating power.. but right here, you've said completely otherwise.
FYI, I think Kovalchuk will return a 2nd and middling prospect OR a late 1st from a contender. I don't expect to get a team's top prospect or anything.
I think if Shero is offered a 3rd and that's the best he is able to do with negotiating, he may take that as it's still an okay asset and maybe not worth getting nothing. If he's offered less, he may likely say no thanks and take the risk of getting nothing if the team doesn't revise his offer. I'd certainly be all for gambling a return of a 3rd round pick to hopefully get something a bit better.
What really matters here is how Kovalchuk will select a team. Will he tell the Devils he wants one team and one team only? Will be be attracted enough to multiple teams that he works with the Devils to facilitate a trade to one of them? As I've said before, Kovalchuk gets to pick the team but after that, his leverage here ends and Shero's begins.
I also think your logic that Shero won't want to be the GM that blocks Kovalchuk return is completely asinine. Shero can block Kovalchuk's return because the NHL by-laws says he can. No-one is going to bat an eyelash if that happens. No GMs reputation is going to be ruined because of Ilya ****ing Kovalchuk