NEW CBA- Contract Re-Negogiatation??

Discussion in 'The Business of Hockey' started by Oshawa General, Feb 6, 2006.

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  1. Oshawa General

    Oshawa General Registered User

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    Does anyone know whether players or teams are able to re-negotiate a current contract under the new CBA?
    For example, if Alexander Mogilny wants to play in the NHL again, can he re-negogiate his contract and take his $3.5M contract for next year and re-negogiate that to 2 years at $1.75 per year?
     
  2. 19nazzy

    19nazzy Registered User

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    I have no official answer, someone might, but I doubt that's allowable
     
  3. Captain Ron

    Captain Ron Registered User

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    From NHL site.....

    http://www.nhl.com/nhlhq/cba/index.html
     
  4. Mr BLUEandWHITE

    Mr BLUEandWHITE Registered User

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    thats a stupid part of the CBA i mean if the player and the team agree to re-negotiate then why not i dont see the harm in that
     
  5. Nols

    Nols Registered User

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    yea its a baaad glitch. in a cap league it should really be allowed.
     
  6. CH

    CH Registered User

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    The problem is the NHL chose to use the average of the remaining years in a contract as the salary cap hit for a given year. Lots of odd rules were needed to prevent salary cap loopholes as a result.

    Lets say a player has a contract that drops in value over a few years

    Say Year 1 : $4 mill
    Year 2: $2.5 mill
    Year 3: $1.5 mill
    Year 4: $1 mill

    Thats a $9 mill contract over 4 years. The player would get paid $4 mill and cost $2.25 mill to the salary cap in year one.

    Lets say the players then renegotiates his contract so that he makes $4 mill again in year 2.

    Thats a problem as it would create a salary cap loophole. He made $4 mill but only "cost" $2.25 mill because of anticipated drops in salary he would have in the future (but never actually happened). So they set rules to control contract renegotiations.

    Of course this sets up some other unintended consequences like this Mogilny situation.

    That is the problem with making large CBA changes in a short period of time. Unintended consequences are more likely because we have not had a chance to see the effects of incrementally adding the new rules but instead add them all at once.
     
  7. Irish Blues

    Irish Blues Still on hiatus

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    Because it keeps teams from signing a player to a ridiculous contract (see: Khabibulin, 4 years and $27 million; Malakhov, 2 years and $7.2 million; Mogilny, 2 years and $7 million; Burke, 2 years and $3.2 million among others) and then just re-working the contract a year or two in to fix their mistake.
     
  8. RTWAP*

    RTWAP* Guest

    In addition to closing a loophole, I think it also protects players.

    Without this rule a team could sit an overpriced player for a significant part of a season to apply pressure to renegotiate. Players shouldn't have to choose between icetime and pay.
     
    Last edited by moderator : Feb 7, 2006
  9. Trizent

    Trizent Registered User

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    More importantly, it means players with contracts are forced to honor their contracts, IE, they can't hold out for a new contract when they have an existing one.
     
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