My understanding is that it was only compliance buyouts that had the one year rule. Regular buyouts can occur at any time and you can sign the player after if you want.
The reason it was one year with compliance buyouts is that they didn't want a team buying somebody out and signing them for cheap the next day.
This is correct. Found it in the FAQ here later:
"For one season following a compliance buyout, players were not permitted to rejoin the team which performed the buyout (this restriction does not exist for normal buyouts)."
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