[getbak]

Originally Posted by druetetective

Thanks Getbak
That's pretty confusing to me and I don't see where it says for certain The Flames get a 2nd if they choose not to sign a player, only something about retaining negotiating rights.

But I'll take your word for it.

There are three ways in which you can lose your draft rights to a player:

1. You fail to make a required Bona Fide contract offer to the player prior to June 1 in the year following the player's draft (this is only required for players drafted from a North American league who have not become bona fide College Players by that date)
   
   
2. You don't sign him to a contract before your rights expire
   
   
3. The player dies before you can sign him

You get a compensatory pick if you lose the draft rights to a first round pick unless the reason you lost those rights was a failure to make a Bona Fide offer.

Teams are not required to make Bona Fide offers to College Players in order to retain their rights. This means that a team can't lose a College Player's rights because they failed to make a Bona Fide offer, which means a team can't lose the compensatory pick for the same reason.