from Dan Rosen of NHL.com,

Draft-pick compensation for the hiring of coaches and executives from other teams will be eliminated, effective Jan. 1, Commissioner Gary Bettman said Tuesday following the completion of the Board of Governors meeting.

The original policy was put into effect Jan 1, 2015, in part to allow for compensation for coaches and executives under contract who departed for a position with another team. But it morphed to include coaches and executives that had been fired but remained under contract.

Now the League will return to the previous policy, which requires teams to grant permission to its coaches and executives under contract to interview with other teams. If permission is granted and the coach or executive changes teams, there will no longer be any compensation to the team losing personnel.

"On balance, it just wasn't worth the debate, the confusion, the uncertainty that flowed from it," Commissioner Bettman said. "Frankly, I thought the old policy worked very well. I think you remember from the GM Meeting [November 2014], one of the caveats that I put into place when I agreed to implement the revised policy was that if there are any problems with this we will scrap it and go back to what we had. That ultimately happened. We deferred to the will of the GMs for a year, we tried it, and I think we were better off with the policy we had."

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added 4:32pm, Below, watch Bettman talking about this change...