Monday Mailbag - 2/27/2012
Here is The Daily Chomp's Monday Mailbag answering your questions sent in by Twitter (tweet @SanJoseSharks using #AskSJS), Facebook, or email.
How is a trade made?
- Thomas B.
TDC: After two clubs have come to an agreement on a trade, the clubs must advise the league office, either by telephone or by FAX, of the terms of the trade. The league office then schedules a conference call with the two teams to review the transaction and give final approval for the deal. Prior to the trade call, the league office will ensure that the team has the appropriate salary cap space to make the deal; if draft choices are involved, that the club has the available choices; and that the team has available space on its reserve list to add the player(s). It should be noted that the 23-man roster restriction is no longer in force from deadline day onwards.
On the trade call, the league will a) review the terms of the player contracts and ensure that teams are aware of their respective obligations to the player (s) involved; b) ensure that, should a player have a no-trade clause, that the player has waived that right; and c) ensure that any conditions to consummation of the transaction have been clearly defined and agreed upon.
The trade becomes official after the trade call has taken place.
Q: How can trades take place after the deadline?
– Ben D.
TDC: Trade calls may take place after the 3 p.m. deadline but the League must have been advised of any and all transactions, including the specific details, prior to 3pm et. It is not unusual that a number of trades are agreed to between the clubs just before 3pm et. However, due to the volume of trades occurring just prior to the deadline, the league may not be able to conduct the actual trade call until after 3pm.