During the off-season, the World Hockey Association, a major professional league proposed to rival the NHL, held an Entry Draft on July 17, 2004. Holding the first overall selection, Toronto chose Crosby. The following month, it was reported that Crosby turned down a US$7.5 million contract over three years to play for Hamilton. Crosby told reporters that while "it took a lot to say no to that much money", he "work hard most of his life to play in the NHL". The contract would have paid him $2.5 million annually and an additional $2 million payout regardless of whether the WHA was realized as a legitimate league or not. However, it was not clarified, how Hamilton could have signed Crosby, as Toronto held his WHA playing rights. Nevertheless, the WHA never materialized.