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More specifics regarding the owners’ latest CBA offer

Oct 16, 2012, 8:37 PM EDT

Gary Bettman; Bill Daly AP

A variety of reporters* recently provided more details about the owners’ new CBA offer.

Here they are in this collection of tidbits:

  • The latest offer would cover six years with an option for a seventh, according to Adam Jahns of the Chicago Sun-Times.
  • The league isn’t just looking to kill “lifetime” deals with a five-year limit. TSN also reports that each year’s variance would be limited to five percent, thus closing up the loophole where teams tack on seasons at drastically lower salaries at the end of a contract to drive cap hits down.

(TSN’s example: a $10 million cap hit could only vary $500K per season. Another example would be a $5 million-per-year deal only varying by $250K per year.)

Owners might seek this measure to reduce the impact of second contracts. TSN sums up the three measures in the new proposal that aim to do so:

On the other hand, high-end rookies would potentially get paid closer to their true market value one year sooner – even if they’d receive one fewer season to bolster their numbers.

***

Coming soon: Steve Montador reveals elements of the offer that might be problematic for the NHLPA.

* – Including TSN’s Darren Dreger/Bob McKenzie double-posting Twitter hydra monster. Their dual-posts will be referred to merely as “TSN” to limit confusion.

Related

When to expect an NHLPA response

Deal must be done by Oct. 25 to preserve 82-game season

Teams would be able to go above salary cap with new offer

NHL proposes five-year maximum contract terms

Owners offer 50-50 revenue split

  1. joeyashwi - Oct 16, 2012 at 8:52 PM

    So the main language in new proposal is to protect owners from themselves…hmmm….

    • eugenesaxe - Oct 16, 2012 at 9:56 PM

      Just like the new NBA deal. Funny how it didn’t stop owners from handing out stupid deals.

    • lostpuppysyndrome - Oct 17, 2012 at 9:38 AM

      You could look at it that way, or you could say it potentially protects less wealthy/stingier owners from a handful of extremely wealthy owners. All it took under the last CBA was one owner willing to shell out way more than others would be willing to spend in order to lure in a player (for the most part) and put him out of reach for the rest of the league. Owners were basically forced to overspend just to try to sign top end talent. You think Nashville wanted to spend that kind of money on Weber? That being said, there’s nothing in this new proposal restricting an owner from laying out a 5 yr $75mil contract if they want to pay it either. However, it should make them think a bit harder if they are tempted to do so.

  2. muckthefets - Oct 16, 2012 at 8:58 PM

    I may just have my buddy who’s an anathesiologist put me in a medically induced coma until a deal gets done. I can’t take much more of this waiting crap.

  3. capsrockva - Oct 16, 2012 at 11:55 PM

    I just want hockey to resume

  4. lostpuppysyndrome - Oct 17, 2012 at 9:29 AM

    “TSN also reports that each year’s variance would be limited to five percent, thus closing up the loophole where teams tack on seasons at drastically lower salaries at the end of a contract to drive cap hits down.” Wow, 5%? I thought it would be 50-75% would be asking enough but this sounds good too, especially for the players. Granted, most of these details aside from the revenue split were already agreed upon during those meetings when HRR wasn’t being discussed anyway. This proposal looks pretty reasonable so far.

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