Kukla's Korner Hockey
by Paul on 07/21/12 at 09:47 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.
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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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