Just wondering if it is possible to conduct a trade with Pittsburgh and include removing the condition from previous trade.
ie: Trade PAP for 3rd or 2nd next year and the removal on condition ensuring we get Pittsburgh's first this year.
Yes.
We can also trade the conditional pick to another team if we want.
We don't have to wait for it to be converted, we just have to transfer the conditions to another team if we trade the pick.
We can even add further conditions to the pick, like if it is a 1st in 2016, we get an extra 2nd rounder, or if it's a 2017 1st, we get a 2017 3rd rounder, and if it's a 2nd 2017 we don't get anything extra.
Conditions are just extra hoops that have to be met before a pick is finalized.
I don't think there are any restrictions in the CBA as to what can and cannot be a condition. So if owners wanted to have some fun they could make GMs trade futures with absurd conditions like "If Jamie Benn plays an entire game in the playoffs with the wrong-sided stick, the pick becomes a 1st (instead of 5th)."
Problem is you'd probably never get two GMs to agree to that.