No.!
It started out as a joke offer of Raymond, Ballard and a first for some team's premier player and was often, for years restated as a "tongue-in-cheek" offer for just about any good player on another team.
The offer of a second/third line tweener, a replacement level defenceman and a late 1st round pick for a very good player was the proposal. I thought that it was quite funny.
No one believed that any competent GM would ever consider doing it.
Though there was the Anaheim equivalent with the Kesler trade. A second/third line tweener, a replacement level defenceman and a late 1st round pick.
After some years this joke somehow morphed into Raymond, Ballard and a second.
I now see both versions offered up as a bit of humour, but it was originally the late 1st draft pick.