Kukla's Korner Hockey
by Paul on 12/28/12 at 01:40 PM ET
from Pierre LeBrun of ESPN,
An NHL team source provided highlights from the latest offer the NHL gave to the union on Thursday:
• Ten-Year Agreement (through 2021/22 season); Parties have mutual opt-out right after 8 years.
• 50-50 Revenue Split between Clubs and Players with current HRR Accounting.
• $300 million in “Make-Whole” payments (outside the system) to compensate Players for the reduced value of Player contracts in the early years of the new CBA.
• No contractual “roll backs” of Player Salaries.
• Clubs can operate with an effective Upper Limit of $70.2 million in 2012/13; must come into compliance with $60 million Upper Limit for the start of the 2013/14 season.
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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.
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