Jun 22, 2010, 3:50 PM EST
After the NHLPA decided not to come to a decision yesterday on
whether to exervise it’s option on whether to extend the CBA, there was
some concern that they would vote against the increase in the salary cap
and further splinter the players. Instead, word has come down today
that the CBA has been extended through the 2011-2012 season and that the
NHLPA has voted to approve the 5% growth factor on the salary cap.
So what does this all mean?
For one, the salary cap is now expected to jump up to around $58.8
million, up from $56.6 million last season. Next year’s cap — and that
growth factor — is based on last season’s revenues; until the formal
announcement comes we won’t know exactly where the cap will sit next
season, but it will be in that ballpark.
Teams now have more flexibility for free agency and the players will
see an increase in average salaries for next season. This affords to
higher spending teams more room to sign big free agents, while other
teams that need to stay conservative are left playing catchup.
This is also a good sign for the NHLPA and it’s pursuit of Doald Fehr
to become the director of the association. It had been thought that if
the players showed good judgment and solidarity he’d be willing to take
to position, and it certainly seems as if that’s the case here.
Full press release after the jump.
TORONTO/CHICAGO (June 22, 2010) – The Executive Board of the National
Hockey League Players’ Association (NHLPA) announced today from its
meetings in Chicago, Illinois that the NHLPA has exercised its option to
extend the current Collective Bargaining Agreement (CBA) for the
The current CBA between the NHLPA and the
National Hockey League (NHL) was scheduled to expire on September 15,
2011, will now remain in effect through the 2011-12 season.
from NHLPA Executive Board:
“The NHLPA is pleased to announce
to hockey fans that the CBA will remain in effect through the 2011-12
season. It is apparent through the operation of the CBA that there are a
number of issues that require serious examination. The NHLPA is
currently reviewing these issues and will be forming a negotiating
committee in the coming months in order to address these matters.”
Executive Board’s decision will also ensure that NHL Clubs have the
ability to use the Performance Bonus Cushion provision in the CBA for
contracts in the 2010-11 season.
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