kdb209
Registered User
- Jan 26, 2005
- 14,870
- 6
The full details from Goodenow's letter at http://www.tsn.ca/nhl/news_story.asp?id=115069:
Look at point #7 - the players want linkage if revenues go up.
They want the upside benefit of linkage without any of the risk.
They want to have it both ways - if revenues go up we want our share, if they go down, sorry not our problem.
Sorry Bob, but no linkage is just that NO LINKAGE - thats what you were clammering for, right?
Look at point #7 - the players want linkage if revenues go up.
They want the upside benefit of linkage without any of the risk.
They want to have it both ways - if revenues go up we want our share, if they go down, sorry not our problem.
Sorry Bob, but no linkage is just that NO LINKAGE - thats what you were clammering for, right?
NEW CBA DEAL POINTS
1. Term - 6 full seasons (through 9-15-11).
2. CBA System Incorporation of NHLPA December 9, 2004 proposal into the recently expired CBA, with indexing of financial provisions (per diems, etc.) at 2% per year, with the following additional changes requested by the NHL yesterday:
(a) Increased salary arbitration rights for Clubs -- to be agreed upon. Salary arbitration available after Player leaves Entry Level System.
(b) Cap on Exhibit 5 Individual B Performance Bonuses -- to be agreed upon.
(c) Replace NHLPA Revenue Sharing Plan with NHL Revenue Sharing Plan to share at least $88M in each year of the Agreement. Clubs may credit any payroll taxes paid against their revenue sharing contribution.
3. Team Payroll Limit - $49M in salary and bonuses
4. Minimum Team Payroll - $25M (each team can fall no more than 10% below only twice during term).
5. Minimum Player Salary - $300K (as per NHL Proposal)
6. Payroll Taxes - $40M - $43M (25%)
$43M - $46M (50%)
$46M - $49M (75%)
$49M - $53.9M (150%) only twice per team during 6 year term
7. Indexing of Tax Rates and Payroll Minimums & Maximums All dollar amounts would be in place for 2004-05 (pro-rated) and 2005-06. Dollar levels for tax rates, payroll minimums & maximums for subsequent years either constant or increased by % change in greater of either hockey related revenues or only the gate receipts and broadcasting segments of hockey related revenues from the 2005-06 base year.
8. 2005 Playoffs 55% of playoff revenues to be paid to Players for the 2005 playoffs.