I consider a "loophole" something that is not intended to occur.
This is no loophole. If the NHL and teams did not want it to exist, they could have dealt with it.
It's not like how it plays out is a big surprise to anyone. The NHL intended college players to be able to deal with any team after 4 years.
Teams can, if they want, sign their college players and get their contract started early, so as to lessen the ELC aspect of those deals, which the player cannot get if he waits the 4 years. It's likely why Johnny signed in Calgary. He got his first big money contract 1 year earlier than if he had waited.
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