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.
Sep 20, 2014, 7:03 PM EDT
He was asked how he would have handled the Ray Rice situation.
Sep 20, 2014, 6:07 PM EDT
Do Thornton and Marleau disagree with coach Todd McLellan on this point?
Sep 20, 2014, 5:05 PM EDT
It’s his first chance to provide his argument for why he should make the team.
Sep 20, 2014, 4:08 PM EDT
Tough timing for him as he had been playing alongside fellow countryman David Krejci.
Sep 20, 2014, 3:30 PM EDT
Optimistic about sticking with the big club out of camp.
Sep 20, 2014, 2:30 PM EDT
Listed as day-to-day.
Sep 20, 2014, 2:13 PM EDT
Expected to miss a couple days according to Randy Carlyle.
Sep 20, 2014, 1:39 PM EDT
Discussions regarding deal are on-going.
Sep 20, 2014, 12:31 PM EDT
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Sep 20, 2014, 11:47 AM EDT
Stars searching for a suitable No. 2 behind Kari Lehtonen.
Sep 20, 2014, 10:51 AM EDT
After playing in just 16 games in 2013-14, he’s looking to be a contributor this season.
Sep 20, 2014, 9:46 AM EDT
Undrafted defenseman looking to make an impression at camp.
Sep 19, 2014, 11:01 PM EDT
The Winnipeg Jets would settle for far less after he scored just 19 last season.
Sep 19, 2014, 10:03 PM EDT
The last thing he wants is to suffer a setback by rushing his recovery.
Sep 19, 2014, 9:37 PM EDT
That’s not the only summer statement he took exception to.
Sep 19, 2014, 9:04 PM EDT
Bob Suter was a defenseman on the “Miracle on Ice” team.
Sep 19, 2014, 8:02 PM EDT
That usually doesn’t end well, but this might be an exception.
Sep 19, 2014, 6:59 PM EDT
He suffered three concussions in under a year.
Sep 19, 2014, 6:00 PM EDT
It’s part of the reason why the defenseman is playing for Washington.
Sep 19, 2014, 4:58 PM EDT
He suffered a concussion last season.
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