There’s a good chance that years from now, we’ll look back at these last few weeks as the dawn of the offer sheet era, with the Barret Hayton shot followed by a massive Leo Carlsson chaser. Things got crazy.
But it could have been crazier. So much crazier. Gather round, kids, grandpa’s got a quick story time.
The concepts of restricted free agents and offers sheets first appears in the NHL in 1988, and for the first few years they looked very different from what we know today. In certain circumstances, the player’s original team had no right to match. And if a team couldn’t or wouldn’t match the offer, there was no pre-made chart of draft pick compensation to refer to.
Instead, the compensation would be players – basically, the two teams would be forced to work out a trade. And if they couldn’t directly agree on what that trade should be, things got even wilder. Both teams would submit a proposal for what they thought a “fair” deal would look like, and an independent arbitrator would have to pick one or the other.
The most infamous example of this process came in 1991, when the Blues signed Brendan Shanahan to an offer sheet, prying him away from a Devils team that had no right to match. The Blues offered a compensation built around two young players, Rod Brind’Amour and Curtis Joseph. Not bad. But the Devils wanted more, and they asked for superstar blueliner Scott Stevens instead. Somewhat shockingly, the arbitrator sided with the Devils, sending a furious Stevens to New Jersey and altering the next decade-plus of NHL history.
That decision directly led to the NHL scrapping the forced-trade system in the 1994 CBA. Today, we’re bringing it back.