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Forums » Archive » NHL Deal to be announced today!!!  
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Joined: 3/17/2003
Posts: 16925
Posted on Wednesday, July 13, 2005 11:11:00 AM
 
The NHL's long awaited new CBA will be completed today, sources close to the talks told TSN Wednesday.

blabla

An extended session between the NHL and NHL Players' Association, which started at Noon et on Tuesday, is apparently continuing and should soon produce the agreement that would be the catalyst to ending the 301-day labour dispute, the longest in the history of North American professional sports.

It has become painfully evident that the two sides have had to do more than dot i's and cross t's and satisfy legal requirements in the last few days. Mind you, there has unquestionably been a lot of that to do. But there has also been back and forth negotiations on some final unresolved issues.

Sources say there's nothing left on the table that is likely significant enough to derail the entire process, which is now in its final hours, but more time is required to finish off these items to the satisfaction of the league and the union.



The wait should be over before the end of the day.

Stay tuned.


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Socialism is the equal distribution of poverty.
Joined: 10/10/2001
Posts: 9593
Posted on Wednesday, July 13, 2005 11:14:00 AM
 
Mazel Tov
Joined: 6/11/2001
Posts: 6690
Posted on Wednesday, July 13, 2005 11:21:00 AM
 
Наконец-то

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www.dj-bratan.com
Joined: 7/8/2005
Posts: 2
Posted on Wednesday, July 13, 2005 11:28:00 AM
 
Нашли мне спорт- банда миллионеров гоняет резинку по льду.
Joined: 3/17/2003
Posts: 16925
Posted on Wednesday, July 13, 2005 12:14:00 PM
 
reports say the deal is signed!!

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Socialism is the equal distribution of poverty.
Joined: 3/17/2003
Posts: 16925
Posted on Wednesday, July 13, 2005 12:17:00 PM
 
21.5 - 39.5 cap

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Socialism is the equal distribution of poverty.
Joined: 3/17/2003
Posts: 16925
Posted on Wednesday, July 13, 2005 12:52:00 PM
 
http://www.tsn.ca/nhl/news_story.asp?ID=130274&hubName=nhl

is expected both the NHL and NHLPA will move to ratify the agreement within the next seven days, with a formal announcement on July 21. During that time, it is expected the new CBA will be distributed to all in the hockey industry so they can begin getting themselves up to speed on a myriad of new rules and regulations.





Among the most significant are:

- 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 (including unrestricted status at 27 by year four of the deal), a more restrictive entry level system, totally revamped salary arbitration, improved pension benefits and a revenue-sharing plan.



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Socialism is the equal distribution of poverty.
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