Quote:
Originally Posted by Five-hole
I don't agree with your interpretation. The latter paragraph explains how long the rights are held for, and that no bona fide offer is necessary to retain them for that period. The first paragraph states that you only get a compensatory pick IF you make a bona fide offer. The reference to "as defined below" only explains what a bona fide offer is, it doesn't relate the two clauses.
So you retain the rights either way, but you only get the pick if you make an offer.
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That's how I was reading it too. To me it doesn't make sense any other way.