Teams owing picks for amounts up to $8,454,871 must have those picks available in next year’s draft (2020).NHL free agency during the COVID-19 pandemic was always going to be different.

They cannot acquire picks from other teams, however, they can trade away their own picks and then re-acquire them at a later date.

Teams must use their own original draft picks for purposes of offer sheet compensation.

Here are a few key highlights (please see CBA Article 10.4 for full details): There are a number of additional rules when it comes to draft pick compensation. This discourages offer sheets beyond five seasons as the compensation requirements will increase dramatically. The offer sheet amount, for purposes of the draft pick compensation table above, is calculated by dividing total compensation by the lesser of the number of years of the offer sheet or five. Two First Rounds, Second Round, and Third Round The original team is then entitled to draft pick compensation based on the following table:įirst Round, Second Round, and Third Round

If the original team declines to match the terms of the offer sheet, the player and his new team enter into a contract under the proposed terms.If the original team chooses to accept the terms of the offer sheet, they are also not allowed to trade the player for one year from the date of exercising their right to match.During this time, they are not allowed to trade the RFA player. The original team has 7 days to exercise their right to match the terms of the offer sheet.

If an RFA wants to accept an offer from another team after July 1, paperwork must be submitted to the league outlining the terms of the proposed contract.

They can’t sign new contracts or offer sheets until July 1 at 12pm.

RFA’s can make contact with all teams, including their own, regarding potential interest on June 26.

Here’s a quick rundown of the relevant rules with respect to the RFA offer sheet process:

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