The NHL recently offered a 50-50 revenue splits to the Player's Association.
The head of the NHLPA, Donald Fehr, is expected to respond tomorrow.
It looks like a fair deal compared to previous ones, but still isn't ideal according to Fehr, who said:
"Simply put, the owners' new proposal, while not quite as Draconian as their previous proposals, still represents enormous reductions in player salaries and individual contracting rights. As you will see, at the five percent industry growth rate the owners predict, the salary reduction over six years exceeds $1.6 billion. What do the owners offer in return?"
We just think the fact that the season could start in a few weeks and go for a full 82 games is pretty important.
Some specifics of the proposal are:
- An official salary cap of $59.9 million for the 2012-13 season, with the provision that teams can actually spend up to $70.2 million for one year to ease the transition.
- A new rule that would allow teams to retain a portion of a player's salary in trades.
- The reduction of entry-level contracts to two years.
- A term limit on any contract beyond that set at five years and a stipulation that the average annual value can only vary up to five percent. This is a mechanism designed to eliminate the long-term, back-diving deals that became popular during the previous CBA.
- The elimination of re-entry waivers.
- An annual revenue-sharing pool of $200 million, half of which is raised from the 10 wealthiest teams, and the creation of a committee to determine how the money is distributed. The NHLPA would be given representation on the committee.
- The introduction of a "neutral" third-party arbitrator to handle appeals on supplemental discipline with a "clearly erroneous" standard of review.
All of that sounds pretty good to us, but what do we know about the inner mechanics of the hockey economy?
Nothing, believe it or not. LOLz!
Let's just hope they work it out for the fans!
[Image via AP Images.]