I'm not a lawyer but I have stayed at Holiday Inns multiple times.
I have to disagree with the getBak interpretation, as well. Why include the bolded part in
Quote:
(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)),..."
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if it wasn't meant to exclude the giving of a compensatory pick in this situation?
I believe the second paragraph is stating the circumstances under which a team retains its exclusive rights and up to what time it loses those rights unless it tenders a bona fide offer. My interpretation is that the second quoted paragraph doesn't make any reference to the compensatory pick, at all.
I'm inferring from these snippets of the CBA, that the team also had to tender a bona fide offer (within those timeframes defined in the second paragraph) or they are
excepted from receiving the pick.