What does trading for future considerations mean?
What does trading for future considerations mean?
Future considerations is the minimum modicum to satisfy the trade requirements. Many times it just means they will swap conditional draft picks or something else of negligible value. The most notable one is probably when Kris Draper was traded this way for what eventually turned out to be a dollar.
What is future considerations in hockey trades?
Essentially, future considerations is an IOU for a player. The team who is giving up the player doesn’t really need the player so they trade them away, and somewhere down the line they might get, for example, a 7th round pick in return. These are never high-end trades and rarely make the news.
What does PDF mean in a hockey trade?
His team, the Nepean Raiders, had sent him to the OJHL’s Cobourg Cougars for a player development fee (PDF), which equates to a sum of money placed on a player’s perceived value. The soft-spoken teen is no stranger to hearing his name in the hockey rumour mill: Cobourg is his fourth team in the past two years.
How does trades work in NHL?
How is a trade made? After two clubs have come to an agreement on a trade, the clubs must advise the League office, either by telephone or by FAX, of the terms of the trade. The League office then schedules a conference call with the two teams to review the transaction and give final approval for the deal.
How do future considerations work?
In theory, when a player is acquired for future considerations, it means that, at the end of the season, the acquiring team will send another player of equivalent value to the team that traded the original player.
How old are Ojhl players?
What is the age limit for Major Junior Hockey? Players can play until they are 20 years old. As long as they do not turn 21 prior to the start of the season, you’re still eligible for the CHL, or Major Junior.
Can a player refuse a trade?
No-trade clause. A no-trade clause is an amendment to a contract, usually relevant in North American professional sports, wherein a player may not be traded to another club without the player’s consent.
Can a NFL player refuse a draft pick?
If the player truly does not want to join the team that drafted him, he will have the option, in theory, of holding out and re-entering the draft the following year. This option, however, could mark him for other possible suitors as someone with an attitude problem, and also cost the NFL hopeful a year’s salary.
Can a player go back to college if not drafted?
The NCAA announced a rule change Wednesday that will allow players to return to school if they declare for the NBA draft but are not selected.
