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The Hot Stove League is a baseball-related term, referring to the off-season. Therefore, it is not actually a "league", but the term instead calls up images of baseball fans, anxious for the start of the new season, gathering around a hot stove during the cold winter months discussing their favorite baseball teams. The term has also come to refer to the wave of off-season player transactions (trades, re-signings, free agency, etc.) that occur between seasons, especially during the winter meetings. Since most free agent signings and trades occur during the off-season, this time of significant player transactions (including rumors and speculation about possible trades), is often referred to as the "Hot Stove League" or sometimes more simply "Hot Stove". Essentially, teams continue competing, except it is the team owners and general managers who are doing the playing, with the score being in terms of human resource losses and gains.

MLB Network's daily offseason show of record is Hot Stove.

The term Hot Stove can also be found in reference to the NHL's season on CBC's Hockey Night in Canada.

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