Although a lot of fans thought that the NHL Entry Draft marked the beginning of a team's off-season, June 1st is actually a big date for teams. A team has a predetermined window of time to negotiate to sign a prospect exclusively after selecting that player in the draft. Whether a player was drafted from North America or Europe determines which chronology applies.
But teams have to decide whether to sign the player or let their rights expire on June 1st of the expiration year. This gives the player the option to sign a contract elsewhere or, depending on his age, reenter the NHL draft. Less than twenty-four hours left until this year's deadline, and several players are still unsigned.
It will be fascinating to see if any of these players get offers for contracts later on, or if their rights are just rejected. Time will tell, but this is the start of what I anticipate to be a hectic season.