When the Montreal Canadiens sent the center to Winnipeg, there was a first-round pick acquired for the upcoming draft, as well as another compensatory selection based on the Jets' playoff performance.
If the Canadian team ever managed to win the Stanley Cup, the Canadiens would receive a compensatory third-round pick in 2027. The chances were slim, but Kent Hughes took the chance.
In the end, the Tricolore will speak in place of the Jets at the end of the first round in the upcoming draft. The relevant Marc-Olivier Beaudoin also specifies at what position this pick will likely be listed in the first round.