Sportsnet: NHL Shooting for Weekend Deal

[Scoogs]

http://www.sportsnet.ca/hockey/article.jsp?content=20050706_171050_5180

While many questions remain about what changes the new CBA will include, it's no secret a deal is close to being done.

Sportsnet.ca -- It is far from breaking news that a deal in principle between the National Hockey League and the Players' Association is about to be announced, but the target date appears to be slowly coming into focus.

If the pace of discussions continues, sources tell Sportsnet, it is possible an agreement pending ratification could be declared as early as Friday, or over the weekend.

It goes on to say that the NHL has called an executive meeting for next Monday.

Also, as I posted the other day on Kypreos saying that there will be no Luxury Tax, Sportsnet confirms it once again in the article.

Click to read more...

 

[MissTeeks]

Sportsnet: Shooting for the weekend

Link

 

[GKJ]

Wake me up when its over

 

[Large_Farva*]

Wake me up when its over

Not it

 

[Scoogs]

It says that the roster sizes will not change, and will remain at 23.

I remember when it was rumored that they could be cut down to free up cap space for teams.

 

[Whirlwind]

Watch they announce the deal during the baseball All-star game. So, anyone looking for hockey news on Sportcenter will be waiting through all the talk to get a tidbit of info. That is of course if Sportcenter people are not fed up yet with hockey.

 

[Scoogs]

Watch they announce the deal during the baseball All-star game. So, anyone looking for hockey news on Sportcenter will be waiting through all the talk to get a tidbit of info. That is of course if Sportcenter people are not fed up yet with hockey.

Sportscener TSN or ESPN?

Screw ESPN because they've never really given hockey a good chance.

 

[Digger12]

And while the revenue sharing component soon to be released will be more comprehensive, the most simplistic way to describe it is the top 10 teams will feed a percentage of their gross hockey revenues into a pool designed to prop up the bottom 10 teams.

So what happened to it coming from playoff revenues only?

Does anybody REALLY know what's going on?

 

[FLYLine27*]

The NHL has called its executive committee into New York for a meeting on Monday, at which point the commissioner and his legal team hopes to be in a position to hand over the agreement.

This right here pretty much confirms it will be done BY monday. Or Bettman will look like a fool when he has nothing to show come Monday.

 

[FLYLine27*]

Sportsnet can confirm this system will not include a luxury tax, however revenue sharing will very much play a role in trying to sustain all teams' long-term viability.

Thats another big deal..i know somewhere else said that also but Sportsnet is confirming it now.

 

[Scoogs]

This right here pretty much confirms it will be done BY monday. Or Bettman will look like a fool when he has nothing to show come Monday.

Yea we might not hear an official word. But the actual document is completed.

<---- tears of joy

 

[Whirlwind]

Sportscener TSN or ESPN?

Screw ESPN because they've never really given hockey a good chance.

Does it matter?

 

[Scoogs]

Does it matter?

Uhm, yes?

TSN cares about hockey.

 

[Whirlwind]

I was more commenting on the fact that it will befit situation that "FINALLY" the league and the players have come to an agreement and that the news would be buried in the sport's news announcements. If not baseball...something else.

 

[NeoCanuck]

I honestly don't care. First its Tuesday, Then Thursday, Now its the Weekend.

 

[Scoogs]

Kypreos said he doesn't expect anything within the next 48 hours but a deal could be announced on the weekend, and the owners are *hoping* that they can bring the final document to the meeting on Monday.

 

[Grandpabuzz]

I hope it's not Friday I'm going to be gone all day and won't hear anything about it.

 

[SENSational]

Finally

 

[Large_Farva*]

Too bad nothing will get done before August 1st.

 

[GirardIsStupid]

Most interesting parts...

What is known at this point is the system that will govern the 30 teams will be based on a hard salary cap, likely just under $40-million with a floor of approximately $22-million.

Sportsnet can confirm this system will not include a luxury tax, however revenue sharing will very much play a role in trying to sustain all teams' long-term viability. And while the revenue sharing component soon to be released will be more comprehensive, the most simplistic way to describe it is the top 10 teams will feed a percentage of their gross hockey revenues into a pool designed to prop up the bottom 10 teams.

Clearly, it's undetermined as to what dollar amount the higher revenue clubs can expect to contribute, however sources say these teams believe it will hover between $5-7 million dollars annually.

That hard cap hardly differs from the one from Bettman's Feb. proposal. The 42.5 M figure included player benefits while Garrioch reported a 39 M cap that consists only of salaries.

As far as the revenue sharing goes...it'll make a small dent in the profits of the large market teams but help the bottom ten survive any economic hardships they're enduring. It, however, doesn't make sure these bottom ten will be able to keep their best players. This type of revenue sharing is hardly impressive and won't help the players one bit as all that money will go into the back pocket of smaller market owners.

 

[Boltsfan2029]

This type of revenue sharing is hardly impressive and won't help the players one bit as all that money will go into the back pocket of smaller market owners.

I would have thought that they would have learned from baseball's example and written it into the CBA that the money distributed via revenue sharing and/or luxury tax would be required to be placed back in the product and not the owners' wallets. Amazing to think they've got all those legal minds working on this document & not a single one of them thought of this!

 

[First Line]

This type of revenue sharing is hardly impressive and won't help the players one bit as all that money will go into the back pocket of smaller market owners.

Especially now that you gave them the idea.

 

[A Good Flying Bird*]

What is known at this point is the system that will govern the 30 teams will be based on a hard salary cap, likely just under $40-million with a floor of approximately $22-million.

Sportsnet can confirm this system will not include a luxury tax, however revenue sharing will very much play a role in trying to sustain all teams' long-term viability. And while the revenue sharing component soon to be released will be more comprehensive, the most simplistic way to describe it is the top 10 teams will feed a percentage of their gross hockey revenues into a pool designed to prop up the bottom 10 teams.

Clearly, it's undetermined as to what dollar amount the higher revenue clubs can expect to contribute, however sources say these teams believe it will hover between $5-7 million dollars annually.

That hard cap hardly differs from the one from Bettman's Feb. proposal. The 42.5 M figure included player benefits while Garrioch reported a 39 M cap that consists only of salaries.

As far as the revenue sharing goes...it'll make a small dent in the profits of the large market teams but help the bottom ten survive any economic hardships they're enduring. It, however, doesn't make sure these bottom ten will be able to keep their best players. This type of revenue sharing is hardly impressive and won't help the players one bit as all that money will go into the back pocket of smaller market owners.

Jeezus, if the PA gets a $38-$39 M cap, plus revenue sharing to help the smaller teams pay for salaries, therebye increasing salaries on the small market teams, how is this much worse than the deal in February?

When the Sean Avery's of the world are speaking out one way, it's always a good idea to consider the other.

 

[Scoogs]

Healy on TSN says that this deal being worse than the deal in February is a myth. He said even though players might not like it, this is it. This is what gets players back on the ice in October.

 

[GirardIsStupid]

I would have thought that they would have learned from baseball's example and written it into the CBA that the money distributed via revenue sharing and/or luxury tax would be required to be placed back in the product and not the owners' wallets. Amazing to think they've got all those legal minds working on this document & not a single one of them thought of this!

lol. i think the small market owners want to make some money too. besides, they're already being 'forced' to spend 22 M.