My edit your edit: Brad, you know better than this
The Daniels were drafted in 2008 and therefore the 2005 CBA applies - no matter, it's not much different.
The Twins were not drafted out of the NCAA but the USHL, however, because they became "bona-fide" college students prior to June 1 2009, the Sharks would retain their rights until August 15 2013 (holding their rights for five years instead of four).
Both Twins attended the Sharks development camps in 2008, 2009, 2010 and 2011.
During the spring of the 2011/2012 season, the Twins decided they were going to drop out of school (Northeastern University) to pursue a pro career. Under the 2005 CBA, the sharks had 30 days to sign the Twins or they would become unrestricted free agents.
The Sharks announced that they would not be offering them a contract. That is not "releasing" as they had to wait until the 30 days expired before another team could offer him a contract and they both remained on the Sharks reserve list until that 30 days expired and they became UFA.
It's not quite the same, but Jimmy Vesey is an example. We already know that Vesey is not signing in Nashville. But he continues to be on the Preds reserve list until August the 15th.
*Note to Brad: You've read the CBA, you know it quite well. So instead of asking fans about it, find for me in the CBA where it says unsigned drafted players can be released. I'm not sure that you can, but I'm not going to do the leg work for you
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In closing Bradly, a team saying they "are not going to offer a contract" is not releasing a player.