If indeed you move a player up they are subject to waivers going down if 24 years or older.
Those 23 or under can move up and down, once re-rates are released we will establish the ratings threshold to establish which players must be on the big club or be subject to re-entry waivers. This is designed to prevent teams from stashing NHL players in the minor so they can bid on free agents. For instance I could move Mackinnon and his huge salary down which is what we don't want.
But for now that threshold and deadline hasn't been set.
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