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What’s The Deal?

from TSN,

According to TSN Hockey Analyst Aaron Ward and TSN Hockey Insiders Darren Dreger and Pierre LeBrun, the agreement features the following elements:

- The players' share of hockey-related revenue will drop from 57 percent to a 50-50 split for all 10 years.  

- The league coming off their demand for a $60 million cap in Year 2, meeting the NHLPA's request to have it at $64.3 million - which was the upper limit from last year's cap. The salary floor in Year 2 will be $44 million.

- The upper limit on the salary cap in the first year is $60 million, but teams can spend up to $70.2 million (all pro-rated). The cap floor will be $44 million.

- The 10-year deal also has an opt-out clause that kicks in after eight years.

- Each team will be allowed two amnesty buyouts that can be used to terminate contracts after this season and next season. The buyouts will count against the players' overall share in revenues, but not the team's salary cap.

more elements...

Filed in: NHL Talk, | KK Hockey | Permalink
 

Comments

bezukov's avatar

Jubilate deo omnis terra!

Posted by bezukov from the kids are alright. on 01/06/13 at 12:37 PM ET

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Does this mean the league backed off their demand to retroactively punish teams with backdiving contracts? Any change to how those contracts will be calculated against the cap when the players retire before their contracts are up?

Posted by thos_pratt on 01/06/13 at 02:41 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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