Kukla's Korner

Kukla's Korner Hockey

Are The NHL Players Being Pushed Around?

from Ken Campbell of The Hockey News,

The issue in the current imbroglio between the NHL and the NHL Players’ Association isn’t whether or not the players are angry about the latest developments. They are. And looking at this situation from the outside, they have every right to be.

Look at this from the players’ perspective. After the pandemic hit in March, the players not only gave back one of their paychecks, they agreed to spend up to two months away from their families in a bubble without being paid for it. And they agreed to extend the collective bargaining agreement two more years, the first year coming with 20 percent escrow and a 10 percent salary deferral to help the owners with their cash flow problems.

And after signing what they thought was a binding contract, the NHL is coming back to them and looking for more. Originally, the players agreed to 20 percent escrow this season (and up to 18 percent next season) and a 10-percent salary deferral. That means a player who is owed a salary of $1 million this season, would actually be taking home only $720,000 before taxes. But now the league is reportedly looking in the first year to increase the escrow to 25 percent and the deferral to 20 percent, which would reduce that take-home salary to $600,000.

continued

Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
 

Comments

Paul's avatar

via Pat Hickey of the Montreal Gazette,

Canadiens goaltender Carey Price was scheduled to receive US$9.75 million in the coming season. If the NHL gets its way, he’ll get US$5,411,250. It’s still more than enough to feed his growing family, but it’s not what he signed up for.

At the other end of the food chain is defenceman Victor Mete, who earns a shade over the NHL minimum with a one-year deal that was supposed to pay him US$735,000. Under the agreement signed in June, he would have received US$530,640. Under the new proposal, he would get US$409,035 before dealing with taxes.

Posted by Paul from Motown Area on 11/19/20 at 08:02 PM ET

Paul's avatar

from Emily Kaplan and Greg Wyshynski of ESPN,

The NHL and NHL Players’ Association are still hoping to begin the 2020-21 season on Jan. 1, but talks between the two sides hit a significant snag this week as players felt “blindsided” when owners asked to change the terms of their new collective bargaining agreement, just four months after it was agreed upon, according to a player rep.

Said the rep: “This is a headache we weren’t expecting.”

NHL owners expect to take significant financial hits in the 2020-21 season due to the ongoing COVID-19 pandemic and its impact on revenues, specifically arena attendance. The owners informed the players that they’re looking for additional cash flow and brought two ideas forward.

The first idea—deferred compensation that climbs to 20% this season and escrow to 25%, with no changes to subsequent seasons—was viewed as a non-starter for players, sources told ESPN.

continued

Posted by Paul from Motown Area on 11/19/20 at 08:52 PM ET

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com