NHL teams compensated for losing coaches, GMs

Elliotte Friedman and Damien Cox discuss the latest news around the hockey world, including Rob Ford’s nomination to the Hockey Hall of Fame board of directors and much more.

There will be compensation for NHL teams that lose a coach, general manager or president of hockey operations to another team while they are still under contract.

According to Sportsnet’s Elliotte Friedman, teams would receive a second-round draft pick if a transaction happens during the season and a third-round pick if one occurs in the off-season.

Also, there will be a three-year period where the team that hires the coach/GM/president will have to choose when to give up the draft pick.

A coach’s season ends when his team is eliminated from the playoffs, while seasons for GMs and presidents of hockey operations are deemed over following the conclusion of the NHL Draft in June.