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Originally Posted by Iowa_Flames_Fan
Think of it this way: if your interpretation is correct, then being an RFA is of absolutely no value to O'Reilly--because teams literally cannot sign him. In that context, Colorado can offer him league minimum and he has no choice but to either sign it or stay in the KHL--he has no leverage at all.
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That was the status quo for the last 8 years and that's why RFAs virtually never played outside the NHL while holding out because they'd make themselves effectively ineligible for NHL play that year.