The NHL has released the official details of the proposal that they gave to the players yesterday.
- Six-year agreement with a mutual option for a seventh year
- Players share of HRR would be 50%
- Salary cap range would be: Floor: $43.9 million; Midpoint: $51.9 million;Upper Limit: $59.9 million.
- Transition rules allow clubs to exceed upper limit of $59.9 million but teams can not exceed $70.2 million.
- All current contracts signed that are more than five years would count against the salary cap with the AAV(average annual value or cap hit) regardless of whether the player is still playing. The salary cap number will travel with a player if he is traded but only count for the new team during the seasons where the player is active. If the player retires or is unable to play the cap number returns to the original team.
An explanation of the proposal is HERE.
Adam Rotter: I don’t think the NHL did this to put more pressure on the players and get them to agree to a deal they don’t feel comfortable with. I think this is another battle in the PR war as the owners try to get more support for their side with this side. The players have said from the beginning that they want a fair deal and just want to play, and now the owners have proposed a deal that gives them 82 games and addresses, at least it seems like they do, many of the issues the NHLPA had with the original offers.
- Teams will be allowed to trade part of player salaries as explained here, “Finally, we propose that to facilitate more trades and create increased flexibility in managing Cap Room, Clubs be allowed to allocate portions of a contract’s Cap charge (and related salary obligations) in the context of a Player Trade. This will facilitate additional Player movement and trades between teams as they manage their respective Caps and Payroll Range obligations.”
- Entry level contracts are for two years, but in a case like Chris Kreider last year where a player plays part of a season, the entry-level deal is for three years. The contract expires at the end of two full seasons.
- Free agency starts at age 28 or after eight accrued seasons. The earliest a player can be a free agent is age 26.
- Contracts can’t be longer than five years
- NHL teams have four years of exclusive rights to sign players drafted from Europe. After four years the player will be able to enter the league as a free agent.
- Half of revenue sharing will come from the top 10 revenue grossing teams
- On salary rollbacks, “The NHL is not proposing that current SPCs be reduced, re-written or rolled back. Instead, the NHL’s proposal retains all current Players’ SPCs at their current face value for the duration of their terms, subject to the operation of the escrow mechanism in the same manner as it worked under the expired CBA.”
- A neutral third party can be used as an arbitrator for supplemental and commissioner discipline.