Got to go out for the day shortly, so would be appreciative if someone could post the bullet points of the deal when it all becomes available. Everything gets lost on the massive threads on the main boards.
Looks like the Oilers ability to suck has resulted in a change to the draft lottery, where all 14 teams that miss the playoffs will now have the possibility of getting the #1 overall.
Some early bullets:
- 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. The cap floor will be $44 million.
- 2 amnesty buy outs per team before season 2013-14. Won't count on the cap but on players share.
- Salary arbitration walkaways: cannot happen unless player award is at least $3.5 million, indexed to increase every year at rate salaries do
- The 10-year deal also has an opt-out clause that kicks in after eight years.
- The salary variance on contracts from year to year cannot vary more than 35 per cent and the final year cannot vary more than 50 per cent of the highest year.
- A player contract term limit for free agents will be seven years and eight years for a team signing its own player.
- The draft lottery selection process will change with all 14 teams fully eligible for the first overall pick. The weighting system for each team may remain, but four-spot move restriction will be eliminated.
- Supplemental discipline for players in on-ice incidents will go through NHL disciplinarian Brendan Shanahan first, followed by an appeal process that would go through Bettman. For suspensions of six or more games, a neutral third party will decide if necessary.
- Revenue sharing among teams will spread to $200 million. Additionally, an NHLPA-initiated growth fund of $60 million is included.
- Opening of training camp either Wed, Thur or Fri. Depends on ratification.
- If it's a 50-game season it would start Jan 15; if it's a 48-game season it would start Jan 19