[getbak]

Originally Posted by druetetective

Whats with all this talk of a 2nd round pick?

A team only receives that compensation if the player REFUSES to sign with said team ala Kevin Hayes.

Don't feel like searching through the CBA but this is from a draft FAQ on hfboards-What are the exceptions to the '30 players per round' rule?
The league will award a compensatory pick to a team that made a bona fide offer to a former first-round selection, but was unable to sign them to an NHL entry-level deal. The team is compensated with a second-round pick for an upcoming draft in the exact same selecting position as when the player was originally drafted. For example, if a club drafts a player fifth overall, but is unable to sign that player despite making a bona fide contract offer, then the club will be awarded the fifth pick in the second round of a subsequent NHL Draft.

Bona Fide offers are not required for a team to maintain their draft rights to College players. Here's the quote from the CBA:

8.3 Compensatory Draft Selections.

(a) In addition to the seven (7) rounds of the Entry Draft, there shall be an additional number of Compensatory Draft Selections not to exceed the number of Clubs to be in the League in the following League Year.

(b) In the event a Club loses its draft rights to an Unsigned Draft Choice drafted in the first round of the Entry Draft (except as a result of failing to tender a required Bona Fide Offer (as defined below)), who (i) is again eligible for the Entry Draft, (ii) becomes an Unrestricted Free Agent, or (iii) dies, a Compensatory Draft Selection shall automatically be granted to that Club, which Compensatory Draft Selection shall be the same numerical choice in the second round in the Entry Draft immediately following the date the Club loses such rights.

By way of example, if a Club cannot sign the third pick in the first round, it will receive the third pick in the second round as compensation.

The important part of that with regards to Bona Fide offers is the "as defined below" part. Here is what the CBA says below about College Players...

College Players.

(i) If a Player drafted at age 18 or 19 is a bona fide college student at the time of his selection in the Entry Draft, or becomes a bona fide college student prior to the first June 1 following his selection in the Entry Draft, and remains a bona fide college student through the graduation of his college class, his drafting Club shall retain the exclusive right of negotiation for his services through and including the August 15 following the graduation of his college class. The Club need not make a Bona Fide Offer to such Player to retain such rights.