The hot stove league is my favorite part of the winter break between baseball seasons. This is the time where general managers for all teams meet to work out trades, free agents negotiate contracts with their own team (and then, after a certain date, with other team), and salaries (in some instances) are negotiated between teams and players through a form of salary arbitration.
Likewise, those new to organizations are tendered or non-tendered contracts, offered extensions, or released.
The offseason for business is also a good time to engage in your own “hot stove league”. If you are a company with a season based business, or one with peaks and valleys, finding the right time of year to look at your staff and its divisions can be critical to seamless organizational transition.
By having dedicated times or seasons of the year to move around critical players in your organization, you can make all of your “teams” stronger while minimizing organizational stress.