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The NHL Lockout Is Finally Over
It took them 113 grueling days but the National Hockey League and National Hockey League Players Association have finally reached a deal on a new, 10 year, collective bargaining agreement. The news broke early Sunday morning, around 5:30 AM, after a marathon meeting between the league and PA. Details are still coming in, which means the official start date for the delayed 2012-2013 season is still unknown at this time.
Information about the new CBA is still coming in as well. This is what we know so far from various sources:
- 10 Year length with an opt-out clause after eight years.
- $64.3 million salary cap and $44 million salary floor in year two.
- Salary variance on contracts year to year cannot change more than 35 per cent and in the final year cannot change more than 50 per cent of the first year.
- Contract limit of seven years for new players (UFA’s) and eight years for current players (re-signing).
- Revenue sharing at $200 million plus a $60 million growth fund.
- New draft lottery giving all 14 non-playoff teams a chance at the first overall selection.
- Changes in rules for sup. discipline. Darren Dreger: Shanahan 1st, appeal with Bettman 2nd. For six or more games neutral third party will decide if necessary.
Various media outlets are also reporting that NHL players will participate in the 2014 Winter Olympic games, but that is not included in the CBA.
Keep checking back with Sunshine State Hockey for more information as it becomes available.
