Some details expected in NHL deal

[kdb209]

Haven't seen this article posted yet, so:

http://slam.canoe.ca/Slam/Hockey/NHL/2005/07/13/1130172-cp.html

Pretty close to what has been discussed here.

To summarize:


- 24% rollback

- Salary Cap/Floor $39M/$21.5M based on projected $1.7B revenues.

- 54% linkage w/ escrow.

- Individual player salary cap at 20% of team cap.

- UFA Age stays at 31 and drops to 27 in 2008.

- As of 2007-08 (which offseason isn't clear), a player with 7 years service can become a UFA. Lockout season counts as a year of service.

-Revenue-sharing from top 10 clubs to bottom 15.

- ELS $850K

- Two-way salary arbitration.

- 10 day window for 2/3 buyouts to not count against cap.

- No restructuring of existing contracts to get under cap.

- Olympic participation.

Click to read more...

 

[Peter10]

Haven't seen this article posted yet, so:

http://slam.canoe.ca/Slam/Hockey/NHL/2005/07/13/1130172-cp.html

Pretty close to what has been discussed here.

To summarize:


- 24% rollback

- Salary Cap/Floor $39M/$21.5M based on projected $1.7B revenues.

- 54% linkage w/ escrow.

- Individual player salary cap at 20% of team cap.

- UFA Age stays at 31 and drops to 27 in 2008.

- As of 2007-08 (which offseason isn't clear), a player with 7 years service can become a UFA. Lockout season counts as a year of service.

-Revenue-sharing from top 10 clubs to bottom 15.

- ELS $850K

- Two-way salary arbitration.

- 10 day window for 2/3 buyouts to not count against cap.

- No restructuring of existing contracts to get under cap.

- Olympic participation.

Add in "no All-Star-Game" this year. I wonder if they will do one in 2010 or if its just left out every 4th year for the olympics.

Anyone hear something about the 20 Team Playoffs? It was brought up a couple of months ago and got some new wind 1 or 2 days ago. So whats the latest on it?

 

[helicecopter]

- Individual player salary cap at 20% of team cap.

There seems to be some confusion about this, ESPN reports that it's 20% of team payroll.. i really hope this is right and ESPN wrong!

 

[Flyguy_1ca]

lk

The salary cap is 20% of the 39M. Not the amount a team is spending, but the league's hard cap.

 

[Digger12]

There seems to be some confusion about this, ESPN reports that it's 20% of team payroll.. i really hope this is right and ESPN wrong!

I really think that ESPN is wrong on this. I mean, look at right now for instance...you have teams that might only have 10 million of salaries currently on the books. Does that mean for this year that they can only fill out their roster with players that make no more than 2 million/yr?

IMO it has to be based on a hard number.

 

[Peter10]

One more thing...

$450,000 minimum salary.

why not let us make it like this, if any new info pops up post it with the previous detail with it, so we kinda get some sort of the new CBA posted here with the latest post in the thread.

 

[Ted Hoffman]

I really think that ESPN is wrong on this. I mean, look at right now for instance...you have teams that might only have 10 million of salaries currently on the books. Does that mean for this year that they can only fill out their roster with players that make no more than 2 million/yr?

IMO it has to be based on a hard number.

Parts of the deal just make no sense at all - no restructuring to get under the cap, you have to buy the player out completely or live with the deal? Just 10 days to make buyouts? A salary cap that varies from team to team?

Wait....Gary Bettman is still the commissioner? Then it makes "perfect sense".

 

[Tra La La]

I've Seen Revenue Sharing Reported as Top Ten to Lower Ten. The Top Ten to Lower 15 in this report is unique.

I'd Like to hear what sort of Dollars we are talking about. As Far as how much support the Lower teams are each getting.

 

[ArtG]

Parts of the deal just make no sense at all - no restructuring to get under the cap, you have to buy the player out completely or live with the deal? Just 10 days to make buyouts? A salary cap that varies from team to team?

Wait....Gary Bettman is still the commissioner? Then it makes "perfect sense".

The reason there is no restructuring is to further the idea of guaranteed contracts. The cap does not vary from team to team, there is a range into which all the teams must fall.

 

[Schlep Rock]

Add in 7 round draft instead of 9

 

[timlap]

Add in 7 round draft instead of 9

This is more interesting than people might immediately realise. The quality and volume of free agents coming out of the CHL and NCAA should increase, and we may see more slightly older Euros being drafted after being passed over in their first draft year.

 

[Mess]

ELS system is back or still if you prefer at 3 years in length not the 4 that was rumoured

 

[AH]

I love the fact that there is NO LUXURY TAX for the high spenders. GG has always maintained the HABS can spend in the high 30s and make money. Now they dont have to worry about splurging for taxes and can go ahead and spend up to the league limit.

 

[kdb209]

I love the fact that there is NO LUXURY TAX for the high spenders. GG has always maintained the HABS can spend in the high 30s and make money. Now they dont have to worry about splurging for taxes and can go ahead and spend up to the league limit.

No Luxury Tax - Yes. But that doesn't mean no revenue sharing. There will be some sort of revenue tax on the top 10 income teams (and the Habs are #8 according to Forbes) that will go to the bottom 10 (or 15) teams.

So, Luxury Tax or not, the Habs may still shell out a good chunk of money.

 

[Montrealer]

No Luxury Tax - Yes. But that doesn't mean no revenue sharing. There will be some sort of revenue tax on the top 10 income teams (and the Habs are #8 according to Forbes) that will go to the bottom 10 (or 15) teams.

So, Luxury Tax or not, the Habs may still shell out a good chunk of money.

Maybe the Habs can get a property tax rebate on the Bell Centre or something.

 

[Buffaloed]

I haven't seen this mentioned before:

Finally, there's believed to be a stipulation that would allow the NHLPA to re-open this agreement after four years if they feel it's been unsuccessful. One has to believe that there will be certain stipulations to be met before the PA can exercise this option.

from Spector on Fox
http://msn.foxsports.com/nhl/story/3759318

 

[Jussi]

I haven't seen this mentioned before:

from Spector on Fox
http://msn.foxsports.com/nhl/story/3759318

Yes it was: http://www.hfboards.com/showpost.php?p=3065992&postcount=44

 

[ceber]

No Luxury Tax - Yes. But that doesn't mean no revenue sharing. There will be some sort of revenue tax on the top 10 income teams (and the Habs are #8 according to Forbes) that will go to the bottom 10 (or 15) teams.

So, Luxury Tax or not, the Habs may still shell out a good chunk of money.

I hope it's more like profit sharing than revenue sharing. If it's not, the incentive for my team is going to be to continue to keep salaries low so the ownership keeps making nice profits. If it's profit sharing instead of revenue sharing, the incentive will be to spend as much on salary as you can to limit the amount of money you have to give to other teams.

 

[RangerBoy]

This is interesting

It has been universally reported that the cap is set at 54 percent of the gross, but The Post has learned the percentage will rise as revenues increase to designated thresholds. The players will receive 55 percent when revenues hit $2.2B; 56 percent at $2.4B; and 57 percent at $2.7B .

http://www.nypost.com/sports/50143.htm

 

[RangerBoy]

The NHL will be holding CBA school this weekend for all of the team executives in New York to help them understand the new CBA

 

[riz]

The NHL will be holding CBA school this weekend for all of the team executives in New York to help them understand the new CBA

Will games programmers be invited as well ?

 

[AdmiralPred]

The NHL will be holding CBA school this weekend for all of the team executives in New York to help them understand the new CBA

Did they understand the old one?

 

[belko]

This is very interesting and, I think, significant (if unconfirmed):

http://www.thestar.com/NASApp/cs/Co...ageid=968867503640&col=970081593064&t=TS_Home

"Sources also maintain that teams will not have to begin the season with a $39 million payroll, they must simply spend that amount through the entire season. There's also the sense that players who replace those on injured reserve will not have their salaries count against the cap unless they make more than the player they are replacing. So if Sundin breaks his leg just before the trade deadline, the Maple Leafs will likely be able to trade for an impending unrestricted free agent of equal salary to replace him in the lineup."

If this is accurate, it means that a team that stayed under the cap all season, spending say $35 million on player salaries, can still make deals for big-dollar players at the deadline since the majority of their salary will have already been paid by their former team. Only a portion of their salary would remain to be paid out, leaving the team able to fit a couple of $6 million dollar players on their payroll.

Their payroll may look like it's $47 million, but since they didn't actually pay out that much, they're still under the cap.

 

[gobuds]

Has anyone else heard this gem- If a player remains unsigned past Oct 20, then he cannot sign for the rest of the year. I heard it on the espn radio late last night. Apparently in the deal.

 

[ti-vite]

Has anyone else heard this gem- If a player remains unsigned past Oct 20, then he cannot sign for the rest of the year. I heard it on the espn radio late last night. Apparently in the deal.

Holdouts: 'see ya next year'