Kukla's Korner Hockey
by Paul on 01/06/13 at 11:58 AM ET
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.
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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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