Mark Spector of Sportsnet is speculating that the Edmonton Oilers are not going to give the Rangers the #16 pick unless a defenseman is included in the trade. This seems to make sense, since the Oilers need a defenseman as well and the Rangers need to shed an additional contract from the blue line. My guess is that the delay is that Slats is either trying to work a bigger deal, or he is trying to squeeze that first rounder out of them.
Spector also notes that Slats prefers not to deal Talbot to Buffalo, since they are “in state.” But the Sabres are in a different division, so I don’t know if that adds up.
In the end, if it’s Talbot alone, I think he nets either a pair of 2nds or a 2nd and a prospect.