Paul Holmgren just broke the news to the media in Los Angeles: at the conclusion of the first round, they've traded the rights to defenseman Dan Hamhuis to the Pittsburgh Penguins for a third round pick in 2011. Apparently, the news that the Flyers couldn't come to an agreement with Hamhuis were true.
With a broad view, however, this means that Paul Holmgren just got a third round pick for Ryan Parent. That's a win. We don't believe the Flyers keep the seventh round pick from Nashville that they conditionally received in the original Hamhuis deal, but that's up in the air. Either way, this is a win.