Quote:
Originally Posted by trublmaker
The offer sheet is a binding contract he signed
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I disagree. The offer sheet is a contract subject to a condition precedent. I actually don't think the distinction matters, but if it does then the contract doesn't form until Colorado fails to match.
In that case, as I noted above, O'Reilly would become a player on Calgary's Reserve List, and be waiver-exempt according to the text of the Rule.
My interpretation of the rule is that the exemption applies to O'Reilly anyway, and follows him--so it doesn't matter when the contract is formed or with which team. But if it DOES matter, he's exempt anyway, because the contract doesn't form until Colorado fails to match.