I only have a very rudimentary understanding of the agreements, but I have a fairly good knowledge of the rules surrounding the Olympics and soccer (where FIFA rules all). The situation in soccer is this. The Olympics runs the tournament. FIFA sanctions it (and by that I mean they say "we'll count the results towards our world rankings") in exchange for the teams playing by FIFA rules and being an under-23 tournament (so as not to compete in popularity or importance with the World Cup). But if FIFA pulled its sanctioning, the tournament could still continue, and FIFA has no say in which players are eligible (other than the age requirement). So I guess my question is this. The Olympics is IIHF sanctioned but not IIHF run. Because of that, why does NHLer participation in the Olympics fall in the scope of the transer agreement between the NHL and IIHF/constituant nations? Tournaments like the World Cup or World Championships makes sense, but not the Olympics (which are run by the IOC).