This window opens on the third day after the team's last arbitration is concluded (or settled, if it doesn't make it to a hearing) and is open for 48 hours. For this window to open, the team has to have a player that filed for arbitration. The second is a window related to arbitration, and it carries some extra restrictions. This window ends at 5pm EST on June 30th, just in time to let the dust settle before free agency starts. The start of this window shifts - it is either June 15th or 48 hours after the Cup is awarded, whichever is later. The first is the most common - the regular buyout window. There are two different answers to this question. A lot of it you may know, but there's likely something new to learn for all but the most seasoned NHL rules experts. With buy-out season soon upon us, and the chance that the Senators will participate this year, it's time for a refresher guide to NHL Player Buy-Outs.
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