The ECHL Trade Deadline is Wednesday at 3 p.m. ET.
The following was prepared to provide a better understanding of the process.
How Is A Trade Made?
After two clubs have come to an agreement on a trade, the clubs must advise the League office, via an official trade form that has been signed by both clubs, of the terms of the trade. The League office then schedules a conference call with the two teams to review the transaction and give final approval for the deal. On the trade call, the League will review the terms of the player contracts and ensure that teams are aware of their respective obligations to the player(s) involved and that any conditions to consummation of the transaction have been clearly defined and agreed upon. The trade becomes official after each team has signed and returned the trade agreement form to the League office.
Can A Trade Take Place After 3 p.m. ET On Mar. 5, 2008?
Trade calls may take place after the 3 p.m. deadline, but the League must have received the official trade form by 3 p.m. It is not unusual that a number of trades are agreed to between the clubs just before 3 p.m. However, due to the volume of trades occurring just prior to the deadline, the League may not be able to conduct the actual trade call until after 3 p.m. Trade calls may last anywhere from 10-30 minutes depending on the complexity of the deal.
How Are Trades Announced?
Once a trade has been approved and the players in the transaction have been notified, the teams involved mutually agree upon a time to make the official announcement.