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NHL Players Not In The Best Of Moods These Days

from Larry Brooks of the New York Post,

Contract renegotiation has been forbidden under the NHL CBA since adoption of the hard cap in 2005. That is one of the core tenets of the unyielding system.

Except, apparently, when it comes to renegotiating the CBA itself. Because just four months after agreeing to a six-year extension in early July, the NHL is requesting the NHLPA revisit critical areas in the CBA as a prelude to opening the 2020-21 season, The Post has learned.

The union held a virtual executive board meeting Wednesday afternoon during which team player reps were informed by union leadership that the league is asking the players to defer an additional 13 to 16 percent of base compensation for the season on top of the 10-percent deferral that was originally negotiated in July.

The request delivered from Gary Bettman to Don Fehr was accompanied by league “liquidity” concerns, according to multiple sources that included one person on the conference call. But the request for additional deferral is not the only concession the NHL is seeking from the players.

continued

from Elliotte Friedman of Sportsnet, (updated at 9:16am)

During a lengthy NHLPA conference call on Wednesday afternoon, players were notified that the league made two requests for amendments to the latest CBA. The first, as reported Tuesday night, was to ask for an additional deferment on 2020-21 salaries (players have already agreed to 10 per cent).

The second was to consider raising the “escrow caps” in the final three seasons of the newly negotiated deal.

Escrow is capped at 20 per cent for next season, with that number dropping to six per cent in years four, five and six of the CBA. I’m not certain of the exact wording, but multiple sources indicated a request to consider in the eight or nine per cent range. (Escrow is used to make sure the league and the players split revenue 50/50.)

The idea was not received with great enthusiasm, to put it mildly. Several players indicated via text that this is a “non-starter," and they don’t want to consider it. They are under the impression the league is looking for an additional $300 million in savings.

read on

added 9:16am, Friedman just updated his blog,

Sometimes, you need a good night’s sleep to give you perspective. So, with that, some thoughts on yesterday:

It was not a good day.

If anyone was hoping major details about the 2020-21 season would be settled by the weekend — yeah, that’s not happening. My personal belief is that if the season is to begin Jan. 1, a deal needs to be reached by the end of the month. Hopefully sooner, but if some things have to be rushed, they’ll be rushed.

Wednesday’s events knocked things off course, and the players will need a few days to regroup. They are angry and feel betrayed.

I have a clearer picture now as more details emerged overnight. In the new CBA ratified last July, there were agreements on deferred money for 2020-21 and escrow caps during each season of the agreement.

continued

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

Comments

Paul's avatar

Darren Dreger tweet,

Don Fehr and Gary Bettman will speak again today.  The NHL has asked for an additional 16% deferred salaries and adjustments to escrow limits in the last three years of the CBA. Both sides are committed to playing, but this is a big ask and will require much more negotiating.

Posted by Paul from Motown Area on 11/19/20 at 11:08 AM 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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