TSN: Board of Governors vote unanimously in favor of new CBA

Discussion in 'The Business of Hockey' started by incawg, Jul 22, 2005.

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  1. incawg

    incawg Registered User

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    Just announced on TSN by Gord Miller. Not that it is much of a surprise.
     
  2. waffledave

    waffledave waffledave, from hf

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    Yeah, I just came on to post this but you beat me to it.
     
  3. Beauty eh?

    Beauty eh? Not sure if serious.

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    LOL....30-0 according to Gord Miller.
     
  4. Grandpabuzz

    Grandpabuzz Registered User

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    Well the lockout is now officially over guys!! Hooray Beer!!!
     
  5. Stammer Time*

    Stammer Time* Sons of Pirates

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    I'll believe it when Ecklund reports it.

    :sarcasm:
     
  6. Beauty eh?

    Beauty eh? Not sure if serious.

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    Or when Spungo tells us.
     
  7. Digger12

    Digger12 Gold Fever

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    ...still waiting for Goodenow's molotov cocktail through the window...
     
  8. Hedberg

    Hedberg MLD Glue Guy

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    Big surprise.
     
  9. mackdogs*

    mackdogs* Guest

    LOL... I hope he drinks it instead :D
     
  10. HSHS

    HSHS Losing is a disease

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    Yeah hockey.... Yeah beer!
     
  11. HockeyCritter

    HockeyCritter Registered User

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    Well colored me surprised!


    Not.

    :D
     
  12. Taranis_24

    Taranis_24 Registered User

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    Says the beautiful man!
     
  13. Leafer4Life

    Leafer4Life Go Leafs Go!

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    YAAAAAY!!!!!!!!!! Can't wait til September! :handclap: :clap: :jump:
     
  14. Renholder

    Renholder Racing like a pro

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    lets all hug... *arms wide open.
     
  15. For posterity sakes...

    TORONTO (AP) - The NHL lockout that canceled last season came to an end Friday when the owners of the league's 30 teams unanimously approved a labor deal that clears the way for play to resume in the fall.

    "Today our board of governors gave it's unanimous approval to a collective bargaining agreement that signals a new era for our league," commissioner Gary Bettman said at a news conference. "An era of economic stability for our franchises, an era of heightened competitive balance for our players, an era of unparalleled excitement and entertainment for our fans."

    It also begins the era of the salary cap - the very thing the union vowed not to accept when the lockout began. But a majority of players supported the six-year agreement in balloting Thursday, with 464 of 532 (87 percent) voting in favor.

    Under the new deal, players are guaranteed to receive 54 percent of league-wide revenues - projected to be between $1.7 billion and $1.8 billion next season. A portion of every player's salary will be held in escrow if it is determined that revenues are smaller, resulting in players receiving more than 54 percent.

    Approval by the league's board governors Friday brings labor peace at last to the league, which has already lost one season, and turns the focus back to the ice.
     
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