Winning an NHL Draft Lottery should attach a rocket to your team’s hopes, especially when you land that top overall pick even though you don’t have the best odds.

Yet, Taylor Hall‘s been here plenty of times before, so forgive him for not looking at a draft lottery win as a cure-all. Instead, through his time seeing the Edmonton Oilers, and now the New Jersey Devils, landing unexpected No. 1 overall picks, Hall’s name has been associated more with memes (also: “the trade is one for one”) than with being one of the best wingers in the NHL.

The one-time Hart Trophy winner couldn’t help but lean into the jokes himself after the Devils landed the top pick of the 2019 NHL Draft:

No rush on extension

The Fourth Period’s Dave Pagnotta created a stir with a report that mentioned that “as of now,” Hall isn’t interested in signing a contract extension with the Devils, which he would be able to do by July.

Hall, 27, addressed the rumblings, telling The Athletic’s Arpon Basu (sub required) that he’s confused that it would be such big news that he’s simply not in a rush to sign an extension. Hall’s agent and Devils GM Ray Shero made the same general points about there being no real rush to NHL.com’s Mike Morreale.

“We never really looked at July 1 as a deadline and Ray hasn’t looked at it like that either,” Hall said to Basu.

One key point people emphasized from Pagnotta’s report, either way, is the phrasing “as of now.”

In a way, you almost wonder if a light bulb was going off over Taylor Hall’s head as he watched Kawhi Leonard’s situation play out with the Toronto Raptors. Despite being an excellent scorer and player basically since his first NHL game, Hall’s only been to the playoffs once, and that was thanks to his Herculean Hart season where he dragged the Devils into the 2018-19 postseason. Why shouldn’t Hall wait and see if the Devils can actually contend before signing away his rights to hit the open market? As Hall’s agent Darren Ferris mentioned, some players only get one chance to truly sign the contract they want with the team they want to play for – without the artificial bindings of RFA status, and without the aging curve limiting their demands. Hall deserves to explore his options as much as just about anyone else, so it only makes sense that the Devils would need to be really convincing to lock him up for what would could be the rest of his prime.

Got to be smart to take advantage of being lucky

The thing is … the Devils should be aggressive to improve, even if Hall’s $6M cap hit wasn’t expiring after 2019-20.

While Hall’s Oilers blundered despite winning multiple draft lotteries, the Devils should view Jack Hughes’ or Kaapo Kakko’s rookie deal as a window of sorts. You can compete beyond that potential three-year entry-level contract, but you’ll never enjoy savings like these again with whoever the Devils pick first overall on June 21.

Consider that:

• The Penguins won their first Stanley Cup of their current era (in 2008-09) when Evgeni Malkin and Jordan Staal were in the final year of their rookie contracts, and made it to the previous Stanley Cup Final in the last year of Sidney Crosby‘s rookie deal.
• The Blackhawks won their first Stanley Cup of their run (in 2009-10) during the final year of rookie contracts for both Patrick Kane and Jonathan Toews.

The Toronto Maple Leafs could still compete for years thanks to the bounty of talent they’ve accrued, yet the 2018-19 stings a bit extra because it represents the end of those rookie contracts for Auston Matthews and Mitch Marner.

So, really, the Devils have two directives to get aggressive during this offseason. First, adding more talent can show Taylor Hall that they’re serious about competing, after Shero’s (wisely) taken the slow-and-steady approach before. Secondly, with Jack Hughes/Kaapo Kakko, the Devils could have a difference-maker on a limited contract for three seasons.

A ton of cap space for Devils

While the Devils have a lot to work on – this post from January lays out big issues for their rebuild, including goaltending – Ray Shero has plenty of ammo to use if he wants to be bold. Which, again, the Devils should be, what with that top overall pick and the need to woo Hall.

As you can see from their Cap Friendly page, the Devils have a ton of cap space to work with, as they have an estimated $35.6M in space with 14 roster spots covered. Will Butcher is really the only truly prominent free agent to deal with, although Devils fans might interject with a Stefan Noesen or two.

Yes, Shero must be cognizant of future decisions. Along with Hall being up after 2019-20, Nico Hischier only has one year remaining on his entry-level contract, Sami Vatanen is also entering a contract year, and Kyle Palmieri‘s bargain $4.65M cap hit expires after 2020-21.

But, for the most part, the Devils boast as close to a clean slate as you can hope for in the modern salary cap era, and now is the time to really start taking advantage.

Trades, free agency … offer sheets?

While the free agent route is fascinating and more straightforward (is Newark close enough to New York for Artemi Panarin?), Shero can also get creative.

The Devils have three second-rounders and two third-rounders to go with their normal choices in the 2019 NHL Draft, so Shero could use those picks to swing trades for roster players or try to move up in the draft.

Maybe just as tantalizingly, the Devils’ bounty of 2019 NHL Draft picks could also make them more comfortable with the idea of forking over picks to go the offer sheet route. What if the Devils presented Hall with the opportunity to play with, say, Hughes/Kaakko, Hischier, and Mitch Marner or Brayden Point in the future?

Admittedly, offer sheets are a “believe it when you see it” proposition in the risk-averse NHL. Still, the Devils are one of the teams that are best situated to make such a move, as they have the cap space, the urgency to improve, and the requisite picks to hand over a challenging offer sheet.

(All About the Jersey’s CJ Turturo has a fantastic deep dive on offer sheets and how they relate to the Devils, which also understandably emphasizes that it’s an unlikely route.)

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Don’t get me wrong; it makes sense that Devils fans might feel a little frightened here. There’s the nightmare scenario where Hall leaves the Devils for nothing, much like what happened with John Tavares and the Devils’ buddies on Long Island.

But, really, this situation should give the Devils another push to be aggressive – and maybe even creative – to get better, fast. Even if Hall isn’t a part of the longer solution, the Devils were gifted with the No. 1 pick, and should take advantage of the significant competitive advantage you can enjoy in competing while key players are on entry-level contracts.

If that aggressiveness impresses Hall enough to stay, then it’s all gravy … or sauce.

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James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.