Everything's been somewhat covered, but just for more info:
When a player gets drafted in the NHL, the team has their rights for something like 3 years. The team can choose to sign him to a contract, at that point, the player can play for them. They don't HAVE to sign them though, they can just leave them with their college/junior team to develop until they're more ready or older. It's not like other leagues (NBA, NFL, etc.) where the player can't play once they've been drafted, as long as they haven't signed a contract they are still considered an "amateur" and are eligible for the NCAA.
So, the better college hockey players are all drafted, but most stay in the NCAA until they're older. Once that 3 years is up, the player would most likely become a free agent, not go back into the draft.
The other ones got covered, but that's a bit more info about that whole process or whatever you want to call it. Hope it helps!
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