A few points from my point of view.
I bet there is a ton of players in the CPHL right now who have submitted NHL retirement papers. This is a unique situation and because we are dealing with a star player, everyone knew he submitted his papers. For all we know, Radulov submitted his papers but nobody has knowledge of it.
NHL rules state: If a player submits his retirement papers in the NHL and wants to come back, it needs to be approved by all 30 NHL teams. With this in mind, I highly doubt he ever comes back to the NHL - without question a team will say no. Bill Daley also said because of the unique situation, if he wants to come back.. NJ holds his rights. A team in NJ's division would say no without question. He is not coming back.
Another rumor out there is his KHL contract never expired and has yet to expire. A weird contract where it was "Go play wherever you want, but if you ever want to come back you can play here". This rumor is not confirmed but if that is the case, he should still be in the CPHL.
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