CORRECTION!!!!
Bingo 415 is correct.
I should NOT have voided this trade based on the lack of 1st rd draft selections. The trade participants may repost the trade - subject to it being challenged and considered by the Trade Committee. I apologize for voiding it in the first place.
Tampa Bay did have a 1st rd pick in this draft - which he exercised. Therefore, Tampa Bay could trade its other 1st rd picks because after this draft is concluded it will have a 1991 1st rd draft choice (none in 1989 and 1990).
The point of the rule is that at all times up to and including the beginning of a draft, a GM must project to have at least one 1st rd draft choice at some point during the current draft and next two drafts. If a GM exercises its 1st rd draft choice in the current draft, he is free to trade any and all other 1st rd draft choices he is projected to have during the next two seasons.
After a draft is completed, each GM is then replenished with another 1st rd draft choice for the third following season. After a draft is completed, if a GM has no other 1st rd picks projected on the board for the next three seasons, unless that GM trades for at least one other 1st rd draft pick before the next draft, the GM will not be able to trade its only 1st rd draft choice heading into or during the next draft.
This is always controversial, but is intended to keep the league competitive. Bear with us.