That's not what they said on 650. That would make no sense. It's only top 12 protected. Anything after the 12th goes to Canucks.
What they said was top 12 is protected. Hut IF NYI wish they can give the Canucks this year's pick even if it's a top 12.
So if the pick is 9th overall and the NYI don't like the player they're getting at 9th they can decide to give the pick to the Canucks instead of the unprotected pick the following year.