After a marathon bargaining session that lasted until early in the morning Sunday, the NHL and NHL Players’ Assocation reached a tentative deal on a new 10-year collective bargaining agreement.
“Don Fehr and I are here to tell you that we have reached an agreement on the framework of a new collective bargaining agreement, the details of which need to be put to paper,” NHL commissioner Gary Bettman told reporters Sunday morning. “We have to dot a lot of I’s and cross a lot of T’s. There is still a lot of work to be done, but the basic framework has been agreed upon.”
“Hopefully we’re at a place where all those things will proceed fairly rapidly and with some dispatch,” said NHLPA executive director Donald Fehr. “We’ll get back to business as usual just as fast as we can. Hopefully within a very few days the fans can get back to watching people who are skating, not the two of us.”
Here is what tsn.ca is reporting on the deal.
- The players’ share of hockey-related revenue will drop from 57 percent to a 50-50 split for all 10 years.
- The league coming off their demand for a $60 million cap in Year 2, meeting the NHLPA’s request to have it at $64.3 million – which was the upper limit from last year’s cap. The salary floor in Year 2 will be $44 million.
- The upper limit on the salary cap in the first year is $60 million, but teams can spend up to $70.2 million. The cap floor will be $44 million.
- The 10-year deal also has an opt-out clause that kicks in after eight years.
- The salary variance on contracts from year to year cannot vary more than 35 per cent and the final year cannot vary more than 50 per cent of the highest year.
- A player contract term limit for free agents will be seven years and eight years for a team signing its own player.
- The draft lottery selection process will change with all 14 teams fully eligible for the first overall pick. The weighting system for each team may remain, but four-spot move restriction will be eliminated.
- Supplemental discipline for players in on-ice incidents will go through NHL disciplinarian Brendan Shanahan first, followed by an appeal process that would go through Bettman. For suspensions of six or more games, a neutral third party will decide if necessary.
- Revenue sharing among teams will spread to $200 million. Additionally, an NHLPA-initiated growth fund of $60 million is included.
- The NHL had hoped to change opening of free agency to July 10, but the players stood firm and it remains July 1 in the new agreement. But with a later ending to the season, free agency for this summer will start at a later date.
Also, Pierre LeBrun is reporting that the season will either be a 48- or 50-game schedule that could start as early as Jan. 15 and as late as Jan. 19.