The Mighty Duck Man
R-E-L-A-X
This one also almost completely screwed the Flames a few years back. They offer sheeted O'Reilly during the lockout year not realizing it applied to them and had Colorado not matched would've almost certainly lost him to Columbus(or whoever had first dibs) for nothing.Last 32 thoughts podcast explained it well. It's to prevent teams from signing players solely for the playoffs essentially.