Soft Cap at $35 Million to begin the new CBA and a min spending at $31 million. After the first season the cap is set differently each year at 55% of Revenue. So it will increase and deacrease with the health of the league, the accounting and end of season revenue is done by a group both the NHLPA and NHL agree upon. Rookie Salaries are set as the following 1st Rd Choices Max $850,000.00 a year not including bonuses max 3 year contract no less no more. Minniumum $500,000.00 2nd Rd Choices Max $775,000.00 a year not including bonus max 3 years contract no less no more. Minniumim $450,000.00 3rd Rd Choices to the last round at max at $550,000.00 for a max at 3 years, and min at $350,000.00. Bonuses are capped at $100,000.00 per player and it cannot exceed this amount in no shape or form. Escrow with 7.5% of player salaries that go into this and 5% of revenue, at the end of the season is Salaries exceed the cap, then the escrow kicks in until the salaries are at the 55%, and left over is then given to players. If 55% of less then the escrow is divided to the players. Signing Bonus, teams can offer a Signing bonus up to $10 million upfront to a player, which will be spread out during the duration of the contract at only 50% of the bonus. So if Player X signs a 5 year 25 Million contract, and he is given a bonus of $6 million upfron then 50% of the bonus is taken which is $3 million and divided by 5 which comes out to $600,000, which is then coutned against the cap, the contract can be structred which ever way but the bonus cannot. Realesing a player, if you want to release a player because he is not performing, then the following applies. Players making the min to 2 Million can be released but 75% of the salary must be paid, and the remaning 25% will count against the teams cap the next season(excluding bonuses signed), the team will still be charged the full 100% of the players salary for year. 2-5 Million can be released with 50% being paid in full and the other 50% counting against the cap the next season, the team will still be charged the full salary against the cap. 5 Million and above 30% must be paid of each reamaning year, and the will be charged the full 100% of every year terminated against there cap, and if it goes over the cap they will charged with the tax. After $35 million any team over this amount to the amount of $40 million will be charged a dollar for dollar tax which will go into a pool, and they will be disqualified from the revenue sharing and will receive only 50% of escrow if triggered. $40-45 million will result in a $1.50 for $1.00 tax, and the team is disqualifed from revenue sharing, and only 10% escrow. $45 and up will be charged a $2.50 for $1.00 tax and they are disqualifed from revenue sharing, and escrow. Revenue sharing-33% of tv revenue, and 17% of team revenue is put into a pool which is distributed evenly after teams in the are at break even point, if team all have made a profit of even $1 dollar then the it is equally divided. Playoff revenue is not put into this fund. Restricted Free agency at 28 years of age. No qualifying offers players are bound to there team, but there salary can not decrease in the first year of the salary earned in the previous year. Franchise PLayer tag can be applied to 1 player who is entering UFA if a team wishes. The player is automatically given a offer of 10% the average salary of the top 5 players in the league, and he is free to negotiate a long term deal with the current team, or a different team in between 20 days, if he decides to sign with a different team the salary cannot decrease in any of the years he signed, the team owning his franchise rights are given the chance to match, or let him go. Maximum and Min contracts are also in affect. Rookies capped see above 3 Years in the league max deal at 3 million a season min deal at 1 million a season 3-6 years in the league max deal at 5 million a season, and min at 2 million a season 6-10 years in the league max deal at 7.5 million a season and min at 4.5 million a season These do not include bonuses and incentives 10 years or more max deal at 8 million and min at 1 million. Teams that have a player entering free agency can offer a player 15% over the max deal, but it cannot go over the salary cap in the first year. Team who are caught under spending are fined, and disqualified from escrow and revenue sharing, and fofiet there franchise player tag rule for that season, if repeated they are fined $5 million and disqalified for 5 years from escrow and revenue sharing. Trading players can be done as they wish, but a team cannot fall 15% less then what there payroll was to start the season, so salary dumping is taken away to even the playing field. Max 7 year contracts.