NHL will no longer pay transfer fees to European teams
ZURICH, Switzerland -- The National Hockey League will no longer pay transfer fees for European free agents.
The new policy comes after the player transfer agreement between the NHL and the International Ice Hockey Federation expired Sunday after more than a decade of guiding the movement of players between Europe and the NHL.
Without an agreement with non-North American affiliates of the IIHF, the NHL will no longer pay a $200,000 transfer fee to sign players who were not under contract.
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