Kukla's Korner Hockey

Kukla's Korner Hockey

Compensating A Team For Losing An Executive

04/01/2015 at 4:31pm EDT

from Ken Cambell of The Hockey News,

Detroit Red Wings GM Ken Holland has lost a lot of good people over the years – Steve Yzerman, Jim Nill, Todd McLellan and Paul MacLean to name just a few – so he’s obviously pleased the NHL reversed its stance on providing compensation for teams who lose executives to their rivals. Even if it means that if he loses his head coach this summer, nothing will be coming back the Red Wings way.

As first reported by Pierre LeBrun of espn.com, about eight months ago the league quietly reversed itself on the issue of compensation. Any team hiring someone from another organization who is under contract to be a GM, coach or president, must now compensate the team losing the staffer with a draft pick. If the hiring is done in the off-season, the team hiring the new man must surrender a third-round pick. If it’s done mid-season, the pick becomes a second-rounder.

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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