The trade was unpopular with many Oilers fans, who believed the return was not enough for Hall, the No. 1 selection in the 2010 draft and Edmonton's leading scorer last season (26 goals, 65 points). But the Oilers felt the trade was necessary to improve the roster and fill a void.
"We had to make some changes to our hockey club, and Taylor was the price we had to pay to get a defenseman," Oilers coach Todd McLellan said. "Losing a player of his quality, it doesn't matter if you're the Edmonton Oilers or the Pittsburgh Penguins, he's a hard guy to replace. He had been part of the fabric of the Oilers organization for years, he gave us everything he had to try and lead the team towards success and we will miss him."
Larsson, 23, is a young, talented, right-shot defenseman coming off a breakout season. He had three goals and 15 assists in 82 games and averaged 22:31 minutes of ice time playing on the Devils top defense pair with Andy Greene.
Larsson joins a young Oilers defense that includes Oscar Klefbom, 23; Brandon Davidson, 24; Darnell Nurse, 21; and Griffin Reinhart, 22.
"Peter and I talk all the time and the common denominator [with the Hall trade] is: Will it help us win?" McLellan said. "That's the questions we ask all the time. Losing Taylor is a big hit to our hockey club, but gaining Adam, we think over the long run, we needed to shore up that back end."
Larsson was one of three major acquisitions Edmonton made in the offseason. The Oilers selected right wing Jesse Puljujarvi with the No. 4 pick in the 2016 draft, and then signed free agent forward Milan Lucic to a seven-year, $42 million contract on July 1.