If the Flames do go after Hamilton or any other RFA, I suspect it will be more like what Burke did with getting Kessel to Toronto. That was essentially a negotiated RFA signing.
Boston received a little more than they would have received for compensation on an offer sheet of the same value as the contract he signed, but less than what they would have received if Toronto had given him an overpriced offer sheet to ensure Boston wouldn't match it.
The problem with offer sheets is that you either give the player a reasonable salary, at which point, the other team will match the offer and you've wasted your time; or you give the player an unreasonable salary so the other team won't match it, and you end up overpaying both the player's salary and the team's compensation. By making the Kessel trade, Burke was able to get the player he wanted at a salary he felt was reasonable, and gave Boston a compensation he felt was reasonable.
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