NHL veteran with 10 seasons unable to secure an NHL contract, signs in the KHL

Every year, free agents head into July 1st hoping to cash in. For some, lucrative new deals await them. For others, the market doesn't offer what they feel they're worth. In these cases, players can either sign short-term deals in hopes of cashing in on their next contracts or hold out and be patient, hoping that a deal to their liking will materialize before training camps begin. The latter certainly comes with a great deal of risk, as Josh Leivo found out this week.