Report: NHL, NHLPA agree on salary cap formula - TwoWheelForum: Motorcycle and Sportbike forums
 
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post #1 of 14 (permalink) Old 06-09-2005, 12:43 PM Thread Starter
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Report: NHL, NHLPA agree on salary cap formula

Isn't it amazing what a year without a paycheck will do to those who will never budge on an issue??


It appears the NHL and the NHL Players' Association have cleared the biggest hurdle preventing them from reaching a new collective bargaining agreement.

According to a report in the Toronto Globe and Mail, the two sides in the NHL labor dispute have agreed on a formula for a salary-cap system based on team-by-team revenue.
While the salary cap issue has been the most contentious during the negotiaions, the report is quick to point out that this agreement does not necessarily mean a new CBA is imminent. The two sides will still need to negotiate terms of salary arbitration, free agency, qualifying contract offers and other issues, any of which could lead to much longer delays.

"They still have a ways to go," one source told the Globe and Mail.

NHL vice president Bill Daly, the league's chief negotiator, declined to confirm or deny anything tot he Globe and Mail, but he did say publicly on Tuesday that the negotiators had moved on to other issues.

A source with ties to both owners and players and another source close to the owners told the Globe and Mail there will be a team-by-team salary floor and cap based on a percentage of each team's revenue. The actual percentage is not known, but the league had been demanding "linkage" of 54 percent.

According to the report, in the first year of what is thought to be a six-year deal, based on revenue projections by both sides, the salary cap will range from $34 million to $36 million, with the floor from $22 million to $24 million.

It remains to be seen how the percentage of revenue will be applied to each team, since there is a large disparity in revenue among the teams in the NHL, several with severe financial difficulties.

There will also be a luxury-tax system midway beween the cap floor and cap ceiling.

Stop the presses...This just in one hour ago....



NHLPA denies report of salary cap deal


The NHL Players Association denied a report that the NHLPA and the league have agreed on a salary cap system, effectively eliminating the biggest stumbling block to ending the lockout and starting next season on time, according to USA Today.

"The NHLPA and NHL discussions this week continue to cover a range of issues such as controls on team salaries, revenue sharing, Olympic participation, the amateur player draft and player retention rights," NHLPA spokesman Jonathan Weatherdon reportedly told the newspaper.
"While the parties continue to have discussions to reach a common ground, no agreements have been reached."

According to a report in the Globe and Mail, however, the two sides in the NHL labor dispute have agreed on a formula for a salary-cap system based on team-by-team revenue.

While the salary cap issue has been the most contentious during the negotiaions, the report is quick to point out that this agreement does not necessarily mean a new CBA is imminent. The two sides will still need to negotiate terms of salary arbitration, free agency, qualifying contract offers and other issues, any of which could lead to much longer delays.

"They still have a ways to go," one source told the Globe and Mail.

NHL vice president Bill Daly, the league's chief negotiator, declined to confirm or deny anything to the Globe and Mail, but he did say publicly on Tuesday that the negotiators had moved on to other issues.

A source with ties to both owners and players and another source close to the owners told the Globe and Mail there will be a team-by-team salary floor and cap based on a percentage of each team's revenue. The actual percentage is not known, but the league had been demanding "linkage" of 54 percent.

According to the report, in the first year of what is thought to be a six-year deal, based on revenue projections by both sides, the salary cap will range from $34 million to $36 million, with the floor from $22 million to $24 million.

It remains to be seen how the percentage of revenue will be applied to each team, since there is a large disparity in revenue among the teams in the NHL, several with severe financial difficulties.

There will also be a luxury-tax system midway beween the cap floor and cap ceiling.

Last edited by bumblebee; 06-09-2005 at 12:47 PM.
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post #2 of 14 (permalink) Old 06-09-2005, 12:45 PM
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Ok

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post #3 of 14 (permalink) Old 06-09-2005, 01:30 PM
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Not sure what to make of this...
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post #4 of 14 (permalink) Old 06-09-2005, 02:26 PM
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Ugh I just hope it is a step in the right direction.....

the right direction being GETTING HOCKEY BACK ON!!!!!!!!!!!!!!! Like 2 or 3 days ago would've been game 7 of the Stanley Cup finals if they had one.

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post #5 of 14 (permalink) Old 06-09-2005, 02:33 PM
 
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What's hockey?
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post #6 of 14 (permalink) Old 06-09-2005, 04:03 PM
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Hey Bee why you post all this stuff now. What happened to the jokes and stuff. Its like you are getting old. Good info. though, just a sudden change.
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post #7 of 14 (permalink) Old 06-09-2005, 05:34 PM
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Hey Bee why you post all this stuff now. What happened to the jokes and stuff. Its like you are getting old. Good info. though, just a sudden change.
Read under his name and be enlightened.

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post #8 of 14 (permalink) Old 06-10-2005, 12:12 AM
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post #9 of 14 (permalink) Old 06-10-2005, 12:18 AM
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Read under his name and be enlightened.
Okay, lol i dident know that. Since when was this?
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post #10 of 14 (permalink) Old 06-10-2005, 12:18 AM
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The word enlightened and bull should never be in the same sentance!
It isn't! READ.
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post #11 of 14 (permalink) Old 06-10-2005, 09:04 AM
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This wont stay up long but.............


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post #12 of 14 (permalink) Old 06-10-2005, 10:42 PM
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post #13 of 14 (permalink) Old 06-10-2005, 10:43 PM
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This wont stay up long but.............

But what?

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post #14 of 14 (permalink) Old 06-10-2005, 10:53 PM
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