If Schultz chooses to not sign before then, he will be an unrestricted free agent by no later than June 25, the Monday after the NHL draft.

— Bob McKenzie (@TSNBobMcKenzie) May 30, 2012

As an UFA on June 25, Schultz would be free to talk and negotiate with any NHL team but he can’t officially sign a contract until July 1.

— Bob McKenzie (@TSNBobMcKenzie) May 30, 2012