Jan 6, 2013, 8:05 AM EST
The NHL and NHLPA agreed to a new collective bargaining agreement on Sunday morning after a 16-hour marathon negotiating session.
The tentative deal ends the 113-day lockout and will finally allow fans to get back to enjoying hockey (us too.)
But before we do that, a look at the new CBA — which, it should be noted, is 10 years in length with an opt-out clause for each side that kicks in after the eighth year:
The 2012-13 season will be a transition year — the upper level is set at $60 million with teams allowed to spend up to $70.2 million. In year two, the cap will move to $64.3 million (the NHL met the NHLPA’s request on that figure, as the league wanted it at $60 million.)
Should be noted the salary floor for both 2012-13 and 2013-14 is $44 million.
Term limit is set at seven years, eight if a player is resigning with his own team. Maximum salary variance is 35 percent and the final year cannot vary more than 50 per cent from the highest year.
All 14 non-playoff teams will get a shot a the first overall selection. Under the NHL’s previous format, only the bottom four teams (26th through 30th place) were eligible to receive the No. 1 pick, and teams were only able move up a maximum of four spots and down a maximum of one spot.
The new format is in line with the NBA Draft Lottery, which can lead to some wild results, like in 1993 — that year, the Orlando Magic won the No. 1 pick in the draft despite finishing the 1992 season with a 41-41 record and holding just a 1.52 percent chance of winning the lottery.
Decisions will still be handled by Brendan Shanahan, but there’s a new wrinkle to the appeal process. Appeals will first go through NHL commissioner Gary Bettman and, for suspensions of six games or more, a neutral third party will get involved.
— The start of free agency will remain on July 1. The NHL had hoped to push it to July 10, but capitulated to the players’ desire to keep it at the start of the month.
— Revenue sharing among clubs will increase to $200 million. There’s also a NHLPA-initiated growth fund of $60 million.
— Olympic participation will be dealt with outside of the new agreement, and a joint league-player committee (possibly the NHL-NHLPA International Committee) will likely handle the decision-making.
— Teams will reportedly receive two amnesty-style buyouts that can be used over the next two offseasons.
— Minimum player salaries will begin at 2011-12’s rate of $525K. The Canadian Press’ Chris Johnston reports that they’ll top off at $750K in the seasons nine and 10 (a bit less than the NHLPA’s demands).
Video: Bettman, Fehr address media following news a tentative CBA had been reached
Mar 2, 2015, 10:04 AM EST
Our running list of all the deals leading up to 3 p.m. ET on Monday, Mar. 2… Monday, Mar. 2 To Montreal: Jeff Petry To Edmonton: 2nd-round pick (’15), 5th-round pick (conditional, ’15) (link) To Tampa Bay: Braydon Coburn To Philly: Radko Gudas, 1st-round pick (’15), 3rd-round pick (’15) (link) To Boston: Brett Connolly To…
Mar 2, 2015, 9:53 AM EST
They’ll play against Carolina Monday.
Mar 2, 2015, 9:24 AM EST
Montreal strikes first on deadline day.
Mar 2, 2015, 8:58 AM EST
Marleau and Thornton haven’t been approached about their no-trade clauses.
Mar 2, 2015, 7:55 AM EST
Monday’s collection of links.
Mar 2, 2015, 2:15 AM EST
It’s a first round and third round selection heading to Philly.
Mar 2, 2015, 1:50 AM EST
Tampa gets a pair of second-rounders.
Mar 2, 2015, 1:20 AM EST
Elliott and Allen saw action Sunday night.
Mar 2, 2015, 12:30 AM EST
Dallas’ skid reaches six games.
Mar 1, 2015, 11:30 PM EST
Winnipeg moves three points back of Chicago in the Central Division.
Mar 1, 2015, 10:50 PM EST
Malkin had a third straight three-point game.
Mar 1, 2015, 10:05 PM EST
He collided with Ales Hemsky.
Mar 1, 2015, 9:15 PM EST
The Washington forward remains in the game.
Mar 1, 2015, 8:30 PM EST
The Sharks get a fourth-round pick.
Mar 1, 2015, 8:00 PM EST
Both teams also swapped draft picks in the deal.
Mar 1, 2015, 7:36 PM EST
Dallas looking to snap a five game skid.
Mar 1, 2015, 7:06 PM EST
He is scheduled to become an unrestricted free agent after this season.
Mar 1, 2015, 6:45 PM EST
Both are free agents after this season.
Mar 1, 2015, 6:35 PM EST
It started with a Matt Greene hit on Mark Scheifele.
Mar 1, 2015, 6:15 PM EST
The Pens’ captain was unharmed on the play.
- PHT’s 2015 NHL Trade Deadline Tracker 0
- Trade: Montreal acquires Petry from Edmonton for two draft picks 10
- Bruins acquire Connolly from the Lightning for draft picks (Confirmed) 27
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder 69
- Trade: Capitals land Glencross, Flames get two picks 23
- Flames place Giordano on IR 5
- Flyers keep faint playoff hopes alive with win over Rangers 28
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder 74
- Jagr earns high praise in his Panthers debut 1
- Bruins maintain four-point edge in playoff race, hand Coyotes ninth straight loss 5
- Wild beat Avs, dying seconds fight set stage for rematch (150)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder (69)