Jan 6, 2013, 8:05 AM EDT
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
Apr 18, 2015, 1:36 AM EDT
Another rough go for Crow.
Apr 18, 2015, 1:15 AM EDT
Crazy finish at Rogers Arena.
Apr 18, 2015, 12:59 AM EDT
Series now even at one.
Apr 18, 2015, 12:31 AM EDT
Talk about taking the game out of the officials’ hands.
Apr 17, 2015, 11:34 PM EDT
In Las Vegas.
Apr 17, 2015, 11:21 PM EDT
All the breaks seem to be going Chicago’s way.
Apr 17, 2015, 11:19 PM EDT
Second key player Nashville’s lost in as many games.
Apr 17, 2015, 10:52 PM EDT
Not a great start to the playoffs for Corey Crawford.
Apr 17, 2015, 10:46 PM EDT
Johnny Boychuk admits Isles let one slip away.
Apr 17, 2015, 10:12 PM EDT
Ottawa will need magic at home.
Apr 17, 2015, 9:53 PM EDT
Quite a comeback win for Washington.
Apr 17, 2015, 9:25 PM EDT
He blew the Islanders’ minds on this one.
Apr 17, 2015, 8:37 PM EDT
Updated with P.K. Subban’s booming goal.
Apr 17, 2015, 8:02 PM EDT
Awesome countered by awesomeness.
Apr 17, 2015, 7:02 PM EDT
He seemed tentative in warm-ups …
Apr 17, 2015, 6:39 PM EDT
Apr 17, 2015, 6:28 PM EDT
No pressure, kid.
Apr 17, 2015, 5:55 PM EDT
Game 2’s galore.
Apr 17, 2015, 5:07 PM EDT
“It seems when we lose a game everyone’s really focused to get back on the winning track.”
Apr 17, 2015, 4:05 PM EDT
Mike Fisher looks like he’s unable to go.
- Video: Flames, Canucks combine for over 100 PIM in wild line brawl 4
- Preds torch Crawford, Hawks; even series at 1-1 18
- Report: Kings’ Stoll arrested for cocaine, MDMA possession (Updated) 44
- Huge loss for Preds as Weber (lower body) knocked out of Game 2 7
- Sabres? Oilers? Coyotes? Leafs? ‘Canes? — McDavid would be happy to play for any of them 37
- Stone a game-time decision, Sens downplay retaliation for Subban slash 25
- Flyers fire Berube 46
- Klingberg signs seven-year, $29.75 million extension with Stars 10
- Video: Perry paces Ducks to victory over Jets with four-point night 13
- Video: Wild hold off late push from Blues 38