PRINCETON, N.J. – As the trade deadline approaches, the ECHL created this Q&A to help media and fans gain a better understanding of the process.
Please note that the ECHL trade deadline was changed to Mar. 7 at 3 p.m. ET by the ECHL Board of Governors at its Preseason Meeting.
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. 7, 2007?
Trade calls may take place after the 3 p.m. deadline, but the League must have been advised of any and all transactions, including the specific details, prior to 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.
The league officially changed its name to ECHL on May 19, 2003.
The Premier ‘AA’ Hockey League, the ECHL has affiliations with 25 of the 30 teams in the National Hockey League in 2006-07, marking 10th consecutive season that the league has had affiliations with at least 20 teams in the NHL.
There have been 322 former ECHL players who have gone on to play in the NHL after playing in the ECHL, including a record 47 in 2005-06.
There have been 177 former ECHL players who have played their first game in the NHL in the past five seasons and 98 former ECHL players have skated in the NHL this season.
The ECHL was represented for the sixth consecutive year on the National Hockey League championship team, including Carolina Hurricanes head coach Peter Laviolette, who is the first ECHL coach to win the Stanley Cup.
The ECHL has affiliations with 24 of the 27 teams in the American Hockey League in 2006-07 and for the past 17 years there has been an ECHL player on the Calder Cup champion. The ECHL has had more players called up to the AHL than all other professional leagues combined each of the past four seasons with 1,646 call ups involving almost 1,000 players.
The ECHL raised its average attendance for the third straight year in 2005-06 drawing 3,934,794 for 900 games which is an average of 4,372 per game, an increase of more than nine percent from 2004-05 and the largest per-game average since 1999-2000. Six teams surpassed 200,000 and nine teams averaged 5,000 per game for the first time since 1999-2000 as the league welcomed 39 sellout crowds and 13 of the 22 returning teams raised their average attendance from a year ago.
In 2005-06 the ECHL and its member teams contributed more than $2.3 million for charity and relief funds, including those benefiting victims of Hurricanes Katrina and Rita, while also making thousands of appearances by players, coaches, team personnel and mascots at schools, hospitals, libraries and charity functions.
2008 ECHL All-Star Game and Skills Competition will be hosted by Stockton Thunder, City of Stockton and Stockton Arena on Jan. 22-23, 2008.
Further information on the ECHL is available from its website at ECHL.com.