Kukla's Korner Hockey
by Paul on 07/21/12 at 08:47 AM ET
from Larry Brooks of the NY Post,
Seven years after the league was able to impose a 24-percent rollback on existing contracts as one of the terms of the settlement of the lockout that claimed the 2004-05 season, that is just how much the athletes would have sacrificed if the system proposed by the NHL to go into effect next year had been in effect in 2011-12.
That is the calculation drawn by the players’ association following three days of fact-finding meetings with the league on Sixth Avenue that concluded yesterday, according to a memo from executive director Don Fehr that was obtained by The Post.
Fehr wrote: “We learned that the owners’ proposal, if in effect in 2011-12, would have had the following effects:
“(1) Player compensation would have been reduced by $450 million, or 24 percent ... Using the definitions in effect under the current CBA, the ‘46%’ player share in the proposal is really only ‘43% and change.’
“(2) The salary cap would have fall to an Upper limit of $50.8M, a Midpoint of $46.8M, and a floor of only $38.8M.”
The NHL operated last year with an actual cap of $64.3 million and a floor of $48.8 million. If the current CBA were in place next year, the cap would be $70.2 million and the floor, $54.2 million.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
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 email@example.com