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It’s Going To Be About The Money

from Larry Brooks of the New York Post,

The NHL is seeking financial concessions in the form of a 13 percent deferral on 2020-21 pay from players as an opening gambit in Return to Play negotiations for the 2020-21 season, multiple sources have told The Post.

It is unclear how the NHLPA, which agreed to a 10 percent deferral in the six-year collective bargaining agreement extension agreed upon by the parties just over four months ago in early July, will respond. Escrow will be capped — and set — at 20 percent for the season.

It is also unclear whether the request represents an ultimatum or if it is the board’s initial position for a negotiation apart from the season’s format and pandemic-related protocols. The original 10 percent deferral is due to be repaid in three equal installments (without interest) in October of 2022, 2023 and 2024.

continued

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

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Paul's avatar

Elliotte Friedman of Sportsnet,

The players want to play, and the NHL — led by commissioner Gary Bettman — wants to get going. Aside from COVID-19 itself, this was going to be the biggest hurdle.

The New York Post’s Larry Brooks reported Tuesday night that the NHL is asking for an additional 13 per cent salary deferment. A couple of sources warned that this is not, as of yet, an official proposal, but the idea did come up in conversation between the league and the union.

That would drop the players’ 2020-21 gross pay to about 62 per cent while eliminating the need to pro-rate. As you can imagine, the reaction was mixed, ranging from “why alter a deal that was made a few months ago?” to “not playing is a worse result.” (Payment schedule will be key.) It’s also possible the figure could be negotiated.

As part of the conversations, the two sides have been discussing schedules. According to multiple sources, one current option is 60 games, in your own arenas, MLB-style setup with back-to-backs in the same rink, divisional only. Yes, the Canadian Division is part of it. Playoffs to start in mid-May.

a bit more

Posted by Paul from Motown Area on 11/17/20 at 09:02 PM ET

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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.

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.

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