Jul 31, 2013, 11:09 PM EDT
It’s not just vacation fun and games for the NHL Players’ Association during the summer, they’re taking care of some business as well.
The union announced they were increasing the amount they annually give to the Senior Retired Players Fund by $1 million. That increases their annual payout to $6 million to retired players 65 years-old or older.
The fund was started after the settlement of the 2004-2005 lockout to help older players, some of whom had fallen on hard times in later years. According to the union, over 350 former players get a cut of the money.
- Big money: Tarasenko signs eight-year, $60 million extension with Blues 64
- Blackhawks extend TVR through 2017-18 3
- Good start: McDavid scores five in Oilers scrimmage 29
- Caps ink Kuznetsov to two-year, $6 million extension 9
- Bruins sign three — Hayes, Connolly, and DeFazio 12
- Babcock expects Kadri to be ‘an elite player’ 15
- No expansion bid expected from Kansas City 37
- Leafs sign Matthias — one year, $2.3 million 17
- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 12
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 15