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 21, 2014, 2:19 AM EDT
This has happened a few times in these playoffs.
Apr 21, 2014, 1:56 AM EDT
Apr 21, 2014, 1:28 AM EDT
This one could’ve gotten uglier than it did.
Apr 21, 2014, 12:47 AM EDT
Took this game over in the second period.
Apr 21, 2014, 12:20 AM EDT
Patrick Roy: “We’re going to be very smart about when he’s going to come back.”
Apr 20, 2014, 11:44 PM EDT
Apr 20, 2014, 11:28 PM EDT
Was shaken up after taking a knee to the head.
Apr 20, 2014, 10:52 PM EDT
Just another game between these two California rivals.
Apr 20, 2014, 10:34 PM EDT
Jon Cooper straddles the line between snarky and careful.
Apr 20, 2014, 10:09 PM EDT
Tough breaks for Tampa Bay.
Apr 20, 2014, 9:28 PM EDT
Remarkable … and risky?
Apr 20, 2014, 9:05 PM EDT
Kings hope to avoid two straight years of 0-2 first-round deficits.
Apr 20, 2014, 8:59 PM EDT
Tampa Bay’s captain managed to return later in the game.
Apr 20, 2014, 8:27 PM EDT
Classy gesture after 16 seasons with the Predators.
Apr 20, 2014, 7:32 PM EDT
Not exactly an ideal start for Anders Lindback.
Apr 20, 2014, 7:15 PM EDT
He stopped 31 out of 33 in Sunday’s win vs. the Rangers.
Apr 20, 2014, 6:00 PM EDT
Can the Bolts get back in this series?
Apr 20, 2014, 5:54 PM EDT
Milan Lucic scored a goal a game after that spearing incident.
Apr 20, 2014, 4:58 PM EDT
They are playing on opposite sides in the Detroit-Boston series.
Apr 20, 2014, 4:03 PM EDT
They’re down 2-0 to Montreal going into Game 3 tonight.
- Kings’ Dustin Brown: ‘We got our [expletives] kicked’ 0
- Feeding frenzy: Sharks devour Kings to take 2-0 series lead 16
- Canadiens push Lightning to brink of elimination with 3-2 win 22
- WATCH LIVE: Los Angeles Kings at San Jose Sharks (Game 2) 0
- Bruins handle Red Wings 4-1, tie series 1-1 37
- Flyers overcome two-goal deficit to finally win at MSG 59
- NHL suspends Seabrook three games for charging into Backes 90
- MacKinnon, Avs shine against Wild, take 2-0 series lead 25
- Video: Roenick says MacKinnon is more dominant at 18 than Crosby was 28
- Blue Jackets gain first-ever playoff win, tie series with Penguins 1-1 49
- Video: Seabrook ejected for charging Backes; will face hearing (update) (148)
- Video: Lucic spears DeKeyser from behind (116)
- Flyers want to ‘punish’ McDonagh (113)
- Bad luck strikes twice: Lightning goal waved off, Stamkos takes knee to head (100)
- That’s a raise: Flyers sign MacDonald to six-year, $30 million extension (91)