Nov 7, 2012, 10:56 AM EDT
CBA negotiations between the NHL and NHLPA are expected to resume sometime later this afternoon in New York, with the focus of the discussions reportedly on the so-called “make whole” provision.
The “make whole” provision was first introduced in mid-October when the league made its 50-50 offer to the union. It was intended to satisfy the players’ demands that all current contracts be paid out in full under a new CBA.
The League proposes to make Players “whole” for the absolute reduction in Players’ Share dollars (when compared to 2011/12) that is attributable to the economic terms of the new CBA (the “Share Reduction”). Using an assumed year-over-year growth rate of 5% for League-wide revenues, the new CBA could result in shortfalls from the current level of Players’ Share dollars ($1.883 Billion in 2011/12) of up to $149 million in Year 1 and up to $62 million in Year 2, for which Players will be “made whole.” (By Year 3 of the new CBA, Players’ Share dollars should exceed the current level ($1.883 Billion for 2011/12) and no “make whole” will be required.) Any such “shortfalls” in Years 1 and 2 of the new CBA will be computed as a percentage reduction off of the Player’s stated contractual compensation, and will be repaid to the Player as a Deferred Compensation benefit spread over the remaining future years of the Player’s SPC (or if he has no remaining years, in the year following the expiration of his SPC). Player reimbursement for the Share Reduction will be accrued and paid for by the League, and will be chargeable against Players’ Share amounts in future years as Preliminary Benefits. The objective would be to honor all existing SPCs by restoring their “value” on the basis of the now existing level of Players’ Share dollars.
The problem the players had with the proposal is that future reimbursement was to be chargeable against the players’ share of revenue, meaning players would essentially be paying players to make it work.
Last week, however, it was reported that the league was willing to absorb some or all of the reimbursement. Which brings us to today, when the NHL will presumably explain its plan to the NHLPA.
The Globe and Mail’s James Mirtle has a good breakdown of the “make whole” provision, if you’re a big fan of math.
Oct 24, 2014, 11:30 PM EDT
Actually, Taylor Hall probably deserves the most credit for Edmonton’s highlight goal.
Oct 24, 2014, 11:12 PM EDT
Somehow the latter fight didn’t leave a crater in the ice.
Oct 24, 2014, 10:44 PM EDT
The Dallas Stars get the extra point.
Oct 24, 2014, 10:29 PM EDT
Injuries continue to … strike Tampa Bay.
Oct 24, 2014, 10:13 PM EDT
Update: Vladislav Namestnikov was credited with the last goal.
Oct 24, 2014, 9:59 PM EDT
On the bright side, Michael Grabner may resume skating soon.
Oct 24, 2014, 9:19 PM EDT
Unfortunately, Tampa Bay might face another injury in J.T. Brown.
Oct 24, 2014, 8:13 PM EDT
They send their 2014 first-rounder to the OHL.
Oct 24, 2014, 7:45 PM EDT
San Jose’s enjoyed such center depth before.
Oct 24, 2014, 6:32 PM EDT
Tough times lately for St. Louis.
Oct 24, 2014, 5:47 PM EDT
Highly-touted rearguard on his way to the bigs.
Oct 24, 2014, 5:30 PM EDT
Hey, maybe the NHL should try 3-on-3 overtime.
Oct 24, 2014, 4:34 PM EDT
Speaking from experience.
Oct 24, 2014, 3:55 PM EDT
Returns to the Cardiff team he played for during the lockout.
Oct 24, 2014, 3:32 PM EDT
All the news and notes from the blue paint…
Oct 24, 2014, 2:37 PM EDT
“Anytime you go personal with family…to me, that’s very disrespectful to the player and our profession.”
Oct 24, 2014, 2:22 PM EDT
“Everybody understands the system, everybody knows what we expect.”
Oct 24, 2014, 2:08 PM EDT
“We’ve got to do our research here and come up with the best solution we can.”
Oct 24, 2014, 1:18 PM EDT
They’re back at it in Edmonton tonight.
Report: Billionaire wants NHL team in Vegas; new Coyotes owner ‘sees flipping the team as a good investment’
Oct 24, 2014, 1:01 PM EDT
Denials from NHL and Coyotes.
- Video: Beauties from Perry, Eberle and Duchene 0
- Ghost Time: Flyers recall Gostisbehere from AHL 17
- Trotz calls Healy’s comments on Ovechkin (and Ovechkin’s mom) ‘disrespectful’ 25
- Report: Billionaire wants NHL team in Vegas; new Coyotes owner ‘sees flipping the team as a good investment’ 23
- Chara has PCL tear, out 4-6 weeks 19
- Coburn, MacDonald out four weeks with lower-body injuries 19
- Red-hot Quick sets new Kings’ franchise shutout record 9
- Reports: Chara could miss at least 4-6 weeks with knee injury 13
- Video: Red Wings’ stars stun Penguins with late surge 31
- Report: Isles’ Bailey out indefinitely after breaking hand 3
- Video: Two quick third-period goals propel Flyers over rival Penguins (82)
- Updated: Kings’ Voynov arrested for domestic assault, suspended indefinitely (78)
- Babcock: ‘Price definitely initiates contact’ in disallowed Datsyuk goal (59)
- ‘It’s stupid': Tempers flare after Kesler’s late charge on Granlund (54)
- Lucic apologizes for obscene gesture: ‘I’m obviously not proud of what I did there’ (45)