I mean, a second round pick is pretty much all Holland is willing to give up, so Holland is happy. Franson is a right handed defenseman so Babcock is happy. People can still satisfy their urge to yell at their TVs about a Franson/Franzen screwing up, even with Franzen on IR, so LGW is happy.
It's a win win win situation!
edit: a second round pick for Franson seems kinda low, especially if we're talking about a potential intradivisional trade. If he goes for just a second rounder, I'll be shocked.