My apologies folks… I messed up here.
The compensation for teams that lose restricted free agents to offer sheets is actually as follows:
- $1,034,249 or below —> no compensation
- $1,034,249 – $1,567,043 —> 3rd round draft pick
- $1,567,043 – $3,134,088 —> 2nd round draft pick
- $3,134,088 – $4,701,131 —> 1st and 3rd round draft picks
- $4,701,131 – $6,268,175 —> 1st, 2nd and 3rd round draft picks
- $6,268,175 – $7,835,219 —> two 1st, one 2nd and one 3rd round draft pick
- Over $7,835,219 —> four 1st round draft picks
I dutifully pulled the numbers from the collective bargaining agreement but failed to recognize that they get increased in proportion to the league average salary increase each season. Thanks to this Illegal Curve article for making that clear for me.
I also messed up here in that Blake Wheeler is eligible to file for arbitration (and has done so according to the Hustler and Lawless show this afternoon).
Whether or not you are arbitration-eligible is dependent on a combination of the age you were when you signed your first contract and the level of pro experience you have.
- Signed first contract at age 18-20 means you need 4 years of pro experience.
- Signed first contract at age 21 means you need 3 years of pro experience.
- Signed first contract at age 22-23 means you need 2 years of pro experience.
- Signed first contract at age 24+ means you need 1 year of pro experience.
Blake Wheeler didn’t sign his first contract until at least age 21 and he has 3 years of pro experience.