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In August 1994, the Hartford Whalers reportedly wished to sign Glen Wesley to an offer sheet, however they already had an outstanding offer for Steven Rice at the time. Instead, Wesley was signed by the Boston Bruins and immediately traded for three 1st round draft picks in the 1995, 1996, and 1997 drafts. [44]
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In the National Hockey League, an offer sheet is a contract offered to a restricted free agent by a team other than the one for which he played during the prior season. If the player signs the offer sheet, his current team has seven days to match the contract offer and keep the player or else he goes to the team that gave the offer sheet, with compensation going to his first team.
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The sign-and-trade helps NBA teams capitalize on financial assets that they would otherwise lose—with nothing gained in return—if a player became a free agent. It is a factor in the departing player's increased salary and extended contract. It helps the team gaining the player, by enabling it to offer a better/more economically competitive ...
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