they had one for the trade deadline this year, they may have called it something different
Edit: http://video.sabres.nhl.com/videocenter/console?catid=1018&id=771889&lang=en
Varlamov went for a 1st and 2nd, Schneider a high 1st, Bernier for a 2nd/Frattin/Scrivens.
Maybe they can use the other late 1st to find an up and coming guy.