a4l
7-13-05, 9:07 PM
Wow the first real ray of hope. :D
Here are the highlights of the new CBA (source: TSN.ca):
- a hard team-by-team salary cap with a payroll of range of $21 million to
$39 million (in the first year), which includes all player costs (benefits,
insurance etc).
- the league's total expenditure on player costs (salaries, bonuses,
benefits and insurance) is not permitted to exceed 54 per cent of defined
hockey-related revenue and the salary cap and payroll range will move up or
down as revenues increase or decrease each year of the deal.
- a 24 per-cent salary rollback for any NHL player who has time remaining on
an existing contract, keeping in mind that the players will receive none of
the monies they were slated to earn in the lost season of 2004-05.
- liberalized free agency: age eligibility for unrestricted free agency at
age 31 in 2005, 29 in 2006, 28 in 2007. In 2008, it's 27 or seven years of
NHL tenure.
- a more restrictive entry level system, totally revamped salary
arbitration, improved pension benefits and a revenue-sharing plan.
- a percentage of salaries put into escrow until the new salary cap can be
calculated at the end of each season.
- no player can earn more than 20 per cent of the team cap, which for
2005-06 means no player can earn more than $7.4 million.
- revenue-sharing where the top 10 money-making clubs donate to a fund
shared by the bottom 10 teams.
- the entry-level system will limit those players to $850,000 a year in
salary (which it was 10 years ago) with bonuses not as easily reachable as
the previous deal.
- two-way salary arbitration. Both players and owners can select to go to
arbitration, whereas only players had those rights in the previous deal.
This will allow owners to downgrade underperforming players.
- the ability for teams to buy players out of their contracts at two thirds
of their value. This is meant to help teams fit under the cap but the clubs
won't be able to re-sign those players.
- participation in the February 2006 Olympics in Turin, Italy.
Here are the highlights of the new CBA (source: TSN.ca):
- a hard team-by-team salary cap with a payroll of range of $21 million to
$39 million (in the first year), which includes all player costs (benefits,
insurance etc).
- the league's total expenditure on player costs (salaries, bonuses,
benefits and insurance) is not permitted to exceed 54 per cent of defined
hockey-related revenue and the salary cap and payroll range will move up or
down as revenues increase or decrease each year of the deal.
- a 24 per-cent salary rollback for any NHL player who has time remaining on
an existing contract, keeping in mind that the players will receive none of
the monies they were slated to earn in the lost season of 2004-05.
- liberalized free agency: age eligibility for unrestricted free agency at
age 31 in 2005, 29 in 2006, 28 in 2007. In 2008, it's 27 or seven years of
NHL tenure.
- a more restrictive entry level system, totally revamped salary
arbitration, improved pension benefits and a revenue-sharing plan.
- a percentage of salaries put into escrow until the new salary cap can be
calculated at the end of each season.
- no player can earn more than 20 per cent of the team cap, which for
2005-06 means no player can earn more than $7.4 million.
- revenue-sharing where the top 10 money-making clubs donate to a fund
shared by the bottom 10 teams.
- the entry-level system will limit those players to $850,000 a year in
salary (which it was 10 years ago) with bonuses not as easily reachable as
the previous deal.
- two-way salary arbitration. Both players and owners can select to go to
arbitration, whereas only players had those rights in the previous deal.
This will allow owners to downgrade underperforming players.
- the ability for teams to buy players out of their contracts at two thirds
of their value. This is meant to help teams fit under the cap but the clubs
won't be able to re-sign those players.
- participation in the February 2006 Olympics in Turin, Italy.