Nuge/Makar 5th for Vanecek/Ovi 8th

[Invictus]

F - Thompson
D - Makar
G - Shesterkin
1st round pick - Forfeited for keeping Makar
2nd round pick - Forfeited for keeping Shesterkin
3rd round pick

What determines if its a 1st round or 2nd round pick you forfeit?
If you don't keep Makar and you keep Shesterkin does it look like this:

1st round pick -
2nd round pick - Forfeited for keeping Shesterkin
3rd round pick

or

1st round pick - Forfeited for keeping Shesterkin
2nd round pick -
3rd round pick

If it's the latter you won't be able to draft a better player then Maker. You will be better off keeping him.