• connect to chml
    Search
    News
    Hamilton Weather
    More

Local News
Local | National | World | Business | Entertainment | Sports

NHL & NHLPA reach tentative CBA
Rick Zamperin
1/6/2013

NHL hockey is back.

After another marathon negotiating session that ended at 5am Sunday morning the National Hockey League and NHL Players' Association have reached a tentative deal on a new 10-year collective bargaining agreement.

Both sides must now ratify the CBA, which could be done as early as Tuesday.

Depending on when the deal is ratified, the league could stage a 50 game season to start on January 15th or a 48 game schedule that would commence on January 19th.

Highlights of the new CBA.

A 10 year deal with an opt-out clause that kicks in after eight years.

Players' share of hockey-related revenue drops from 57 percent to a 50-50 split.

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 is $44 million.

Revenue sharing among teams will spread to $200 million.

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.

Contract term limits for free agents will be 7 years and 8 years for a team signing its own player.

Draft lottery will now include all 14 non-playoff teams.

The lockout cost the league 510 regular season games, including the Winter Classic and the All-Star Game in Columbus.

 «  Return to previous page
 »  Send to a friend
Subscribe to channel

Leave a comment:

showing all comments · Subscribe to comments
  1. Kevin Hodgson posted on 01/07/2013 08:45 AM
    Hi,I didn't miss the NHL hockey, there was a lot of junior hockey on,and that to me is just as good if not better. I mean with the NHL you had Multi Billionaires, being the owners,and Multi Millionaires arguing over a few extra dollars,as if they don't make enough money already. All that will mean is the price of tickets will go up, it's always the people that suffer having to pay more every time they want more money. There should be a celery cap on all sports so that no pro athlete can make more than so much. I also think that the NHL caters to blood thirsty fans,with all the head shots, hitting from behind,and all the fights.It's no longer a sport after the junior level, it's all business where the owners and players get richer,and us ticket buyers get poorer, so if and when I do watch it will be on the tv, and I think everybody should do the same. Once the owners and players see that they are playing in front of a bunch of empty seats, they might get it through there heads that it's should be still just a game.
  2. Average Joe posted on 01/07/2013 09:11 AM
    Who Cares?
    I think the fans should bouycott hockey all together until they cut the ticket prices .Who gets screwed , not the owners or the playesr , it's the fans . As long as people are willing to pay to watch , they will keep raising ticket prices so both the players and the ownership groups will rake in mor money. Send the message , better off to watch the Bull Dogs or other minor league sports, these players aren't tainted by the greed.
showing all comments