Some posters are talking about waiting for the July 5 FA-go-on-the-market date, but that doesn't apply to VL as a buyout, he is permitted to sign and announce before July 5.
EDIT: "Given that Lecavalier was extended a compliance buyout, he was permitted to speak with teams prior to 12:01 a.m. ET on July 3. While he might announce his decision on Wednesday, he will not be eligible to officially sign a contract until noon on
July 5 at the start of free agency."
Thanks for the correction guys, looks like I was wrong, VL can negotiate and announce a deal anytime, but has to wait for July 5 to ink the contract.