Yeah junior players can go back in the draft after two years, and also UFA after 4 years...they just choose not to for whatever reason but they could. So really no different than NCAA.
I still think it's a simple fix. Have a max rookie contract act like a qualifying offer, if you offer a player a max rookie contract you should retain their rights. Similar to a qualifying offer for an RFA.
Doesn't force a player to sign but let's them team negotiate a more fair trade.
Flyers really are the Flames eastern twin. Even have their biggest rival with horseshoes up their butt with generational talents all the time.
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