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Saskin is finished.The players are just trying to find a way to dump Saskin without paying the rest of the money remaining on the Saskin contract.They are still paying Goodenow.The NHLPA will have a new executive director...again
You are mostly right. I think his contract says that if he's released 'with notice' the NHLPA has to pay him a severance of $2 MM. However if he's released with 'just cause' it isn't as clear-- at least in the way the contract has been interpreted by the media. It may be easier to just pay him to leave.
Here's the link to the Toronto Star article by Rick Westhead and an excerpt:
Saskin's 10-page employment contract, a copy of which was obtained by the Star, provides an assurance that he will be handsomely compensated if he's fired by the NHLPA.
A clause in Saskin's contact calls for the union to pay him the equivalent of 15 months salary if he's terminated with notice – which would amount to a payout of more than $2 million (all figures U.S.). The same clause, which is sure to come under scrutiny tonight, says Saskin may be terminated at any time by the union "without notice for reasons of just cause."
It's unclear how much compensation – if any – Saskin would be entitled to if fired with just cause.