Jan 4, 2013, 9:03 AM EDT
The issue of contract variance — the amount a player’s salary can vary from season-to-season and start to finish in a multi-year deal — might be one that leads to some of the most noticeable post-lockout changes from a fan perspective.
Several teams took advantage of the old CBA’s loose rules when it came to how a contract could be structured to heavily front-load deals. That’s likely to change, but to what extent remains to be seen.
About a month ago, the NHL wanted to limit contract variance to 5%, but when it recently re-opened talks, it moved up to 10%. Now it looks like the NHL might be willing to go as high as 30% in terms of season-to-season variance, based on a CBC report.
The catch? They want the total variance capped at 60% of the highest-paid campaign.
In other words, Shea Weber, who was slated to earn $14 million in 2012-13 would have never been allowed to earn less than $8.4 million in any season of his contract if this proposed rule had existed last summer. Weber’s deal is heavily front-loaded and consequently, his cap hit is $7,857,143 despite his high initial salary.
The NHL’s reported offer is something the union might take issue with, as they previously wanted the minimum level to be 25% of the highest-paid season, according to the Globe and Mail.
Meanwhile, the NHL and NHLPA are expected to meet with mediators again today.
Aug 2, 2015, 9:00 AM EDT
They’re in win now mode.
Aug 1, 2015, 9:15 PM EDT
He’ll add some toughness to the lineup.
Aug 1, 2015, 7:15 PM EDT
New Jersey is still working on getting the 18-year-old signed to an entry-level contract.
Aug 1, 2015, 5:15 PM EDT
The two met in the Czech Republic to get to know one another.
Aug 1, 2015, 3:15 PM EDT
Lehtonen and Niemi will account for $10.4 million in cap space next season.
Aug 1, 2015, 12:45 PM EDT
He’s heading into the final year of his two-year, $5 million deal.
Aug 1, 2015, 11:15 AM EDT
Winnipeg was affiliated with the Ontario Reign last season.
Aug 1, 2015, 9:45 AM EDT
He signed a two-year, bridge contract worth $5.6 million on Thursday.
Jul 31, 2015, 10:22 PM EDT
He’s also a veteran of 616 career games.
Jul 31, 2015, 9:01 PM EDT
That’s close to the middle between his and Washington’s requests.
Jul 31, 2015, 8:30 PM EDT
The decision surprised Arizona’s general manager.
Jul 31, 2015, 7:01 PM EDT
The defenseman spent the 2014-15 campaign in the Swiss League.
Jul 31, 2015, 5:36 PM EDT
He considers himself a “young 29.”
Jul 31, 2015, 4:11 PM EDT
Ray Shero’s restructure continues.
Jul 31, 2015, 2:46 PM EDT
There is a key deadline approaching though.
Jul 31, 2015, 1:16 PM EDT
Johnson won a gold medal in 1988, but it was taken away because of a positive steroids test.
Jul 31, 2015, 11:50 AM EDT
There’s a $500 million expansion fee to consider.
Jul 31, 2015, 10:24 AM EDT
This will be a key season for him.
Jul 31, 2015, 9:00 AM EDT
Because once Voracek’s eight-year contract kicks in, they’ll be part of that list.
Jul 31, 2015, 8:00 AM EDT
Friday’s collection of links.
- How do Voracek, Giroux compare to the most expensive duos? 52
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 12
- Flyers re-sign Couturier: six years, $26 million 41
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 44
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (71)
- Voracek turns monster season into massive eight-year deal (71)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)