NHL business

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Strangelove
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Re: NHL business

Post by Strangelove »

SKYO wrote: Thu Jul 02, 2020 2:35 pm Olympics! I knew it SL. :devil:
Hey man, I only said the NHLPA was in a weak position in general, I wasn't commenting on the Olympics.

http://www.canuckscorner.com/forums/vie ... 34#p382834

Besides, the owners were probably kinda split on Olympics, with some seeing it as good exposure.

But yeah, players prolly want it more... wonder what they had to give up to get it? :mex:
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Re: NHL business

Post by SKYO »

Strangelove wrote: Thu Jul 02, 2020 2:53 pm
SKYO wrote: Thu Jul 02, 2020 2:35 pm Olympics! I knew it SL. :devil:
Hey man, I only said the NHLPA was in a weak position in general, I wasn't commenting on the Olympics.

http://www.canuckscorner.com/forums/vie ... 34#p382834

Besides, the owners were probably kinda split on Olympics, with some seeing it as good exposure.

But yeah, players prolly want it more... wonder what they had to give up to get it? :mex:
I just figured with the media folks saying Bettman probably won't want a lockout at all, that gave the players some leverage that there, which in turn they finally got their Olympics back.

Petey and Hughes gonna be fun watching them with Team Sweden and USA.
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Re: NHL business

Post by Strangelove »

SKYO wrote: Fri Jul 03, 2020 12:07 am
Strangelove wrote: Thu Jul 02, 2020 2:53 pm
SKYO wrote: Thu Jul 02, 2020 2:35 pm Olympics! I knew it SL. :devil:
Hey man, I only said the NHLPA was in a weak position in general, I wasn't commenting on the Olympics.

http://www.canuckscorner.com/forums/vie ... 34#p382834

Besides, the owners were probably kinda split on Olympics, with some seeing it as good exposure.

But yeah, players prolly want it more... wonder what they had to give up to get it? :mex:
I just figured with the media folks saying Bettman probably won't want a lockout at all, that gave the players some leverage that there, which in turn they finally got their Olympics back.
A lockout would hurt the players just as much as the owners.

(but there was never a danger of a lockout this time around)

The players were in a weaker position because they want a cap on escrow.

(they want to spread the amount they owe over a few seasons)

If anyone had leverage this time, it's the owners in my opinion.
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Re: NHL business

Post by Mickey107 »

Bob McKenzie@TSNBobMcKenzie
Jul 3, 2020
If a tentative agreement is reached today or tomorrow, the NHLPA executive committee could have its call on the weekend and, if approved, the membership vote could start by Monday.
------------------------------------------------------
Membership votes can take two or three days to complete. A simple majority is required to ratify an agreement. Once the agreement is ratified by NHLPA and NHL, the RTP protocols can begin to be enacted.
6:26 AM · Jul 3, 2020
For yes, press 1 /for no; press 2 /to speak to your representative press 3 /for all other inquires press 9 /Please note we are experiencing higher

than normal volume. You can wait on the line and your representatives will call you back. Press 0 /if you would like your representative to

call you back now. Note: you will not lose your place in line by using this option --------------------------------------------------press 0 now.. :evil:

Please hang up and dial again; thank-you and have a nice day.
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Re: NHL business

Post by SKYO »

So something must have gave as you said, for the players to get the league/owners to let the NHL players play in the Olympic's again.

Maybe they see that a couple weeks isn't so bad vs Covid's shutdown for months.
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Re: NHL business

Post by Strangelove »

SKYO wrote: Fri Jul 03, 2020 2:36 pm So something must have gave as you said, for the players to get the league/owners to let the NHL players play in the Olympic's again.

Maybe they see that a couple weeks isn't so bad vs Covid's shutdown for months.
From what I've read, Olympics participation wouldn't be a sure thing with this deal.

(they could still opt out if 1, 2, or 3 happens)

But this is all rumours, we should know the facts shortly, be interesting to see the particulars.
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Re: NHL business

Post by Mickey107 »

.
Sportsnet: Potential CBA modifications emerging as NHL/NHLPA continue negotiations
Elliotte Friedman July 3, 2020, 4:33 PM
..
-As the NHL/NHLPA continue to grind their way through a return-to-play/CBA agreement, terms continue to seep out. Here’s some of what we’re hearing:

The updated rules will carry through 2025-26, although there is a provision for a one-year extension if more than $125 million in escrow is owed to the league. The salary cap for 2020-21 is $81.5 million. The NHL/NHLPA are talking about keeping it there until revenues hit $4.8 billion. At that point, they will use the two years prior to calculate the cap number — meaning the 2022-23 ceiling will be based on 2020-21 revenues. That will give more certainty and planning.

Cap on escrow is 20 per cent next season. Somewhere between 14-18 per cent in 2021-22, depending on 2020-21 revenue. Then we go 10 per cent in 2022-23, with a maximum of six per cent over the remaining term (if there is an extra year, the escrow cap will be at nine per cent). There will be a 10 per cent salary deferral next season. It will be repaid during the final three years of this CBA.

Olympic participation for 2022 and 2026 is guaranteed pending agreement with the IOC. This year’s playoff fund (a bonus pool of money players earn the longer their team plays) will be doubled to $32 million. It is much higher this year since more teams are eligible and players are coming into a bubble during a pandemic. It will go to $20 million next season. The minimum salary will rise to $750,000 next season and reach $800,000 by the end of this deal.

There are some interesting modifications:

• No-move and no-trade clauses now travel with a player who has agreed to lift one, even if they haven’t kicked in (previously, the acquiring team had to agree).

• Players aged 35 and over can sign multi-year deals that are flat or ascending and there will be no cap hit if they retire before the deal is up (previously, the cap hit stayed no matter what).

• Year-by-year variability: six-year contracts that are front-loaded and worth at least 7.5 per cent of the cap cannot exceed 35 per cent between the highest and lowest salary amounts. Rules for other contracts remain the same (I’ve heard players and teams will consider back-loading new contracts because escrow is capped at a lower number and cash flow should improve for clubs).

• No changes to signing bonuses

*There are no more conditional picks in trades based on a player re-signing with the acquiring team. For example, the New Jersey Devils’ current third-rounder from Arizona in the Taylor Hall deal upgrades if he re-signs with the Coyotes. Agents and NHLPA staff felt it hurt players’ value.

As for return to play, anyone has the right to opt out without penalty. There will be pre-testing before everyone travels to the hub, and in the final week before arrival everyone will be asked to stay at home as much as possible, besides going to the rink. Once there, testing will take place on a daily basis, as each team will have a set time each day depending on their schedule.

Face covering will be mandatory at all times in the bubble, with social distancing practiced — including restrictions on the number of people allowed in the lobby and on elevators. Everyone will get their own room.

And, there will be rules if someone needs to leave for an emergency, in terms of if re-entry will be allowed and the conditions for that.

Obviously, there will be more, but this gives you an idea of where everything is going.

https://www.sportsnet.ca/hockey/nhl/pot ... otiations/

The video is Brian Burke talking about it on Tim & Sid..(after about 3 ads) Hot under the collar as usual.
Try this if you want; https://www.youtube.com/watch?v=XPPTIjRIO_E
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Re: NHL business

Post by SKYO »

Almost time for hockey folks!!
National Hockey League Players’ Association, National Hockey League Reach Tentative Agreement on Return to Play Plan,
CBA Extension; Set Dates for Resumption of Play

https://media.nhl.com/public/news/14033
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Re: NHL business

Post by Cornuck »

The countdown is on!
After announcing that a tentative agreement had been reached the NHL and NHLPA also confirmed that the following dates have been established:

July 13 - Start of formal training camps
July 26 - Clubs travel to hub cities
August 1 - Start of Qualifying Round
2025 Corner Hockey Pool is OPEN - SIGNUP
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Re: NHL business

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Sportsnet: NHL, NHLPA tentatively agree to CBA extension, return-to-play plan

https://www.sportsnet.ca/hockey/nhl/nhl ... play-plan/ Full comprehensive article and details


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Re: NHL business

Post by SKYO »

Russo:
Cap recapture (Parise/Suter) amended in new NHL - NHLPA CBA

There is no longer a charge greater than the contract’s AAV in any year, but charge continues until full overage is paid off.
So the Canucks with Luongo is the only team that will get affected mostly by the Brian Burke promoted Luongo Rule. Kings I think affected only 1yr.
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Re: NHL business

Post by Strangelove »

SKYO wrote: Mon Jul 06, 2020 4:05 pm Russo:
Cap recapture (Parise/Suter) amended in new NHL - NHLPA CBA

There is no longer a charge greater than the contract’s AAV in any year, but charge continues until full overage is paid off.
So the Canucks with Luongo is the only team that will get affected mostly by the Brian Burke promoted Luongo Rule. Kings I think affected only 1yr.
If this new rule had been in effect all along, it wouldn't have affected what Canucks are paying in Luongo recapture.

(if Lou had retired in the last year of the contract it would have though)

With this new rule, the potential recapture number is still worse for some other contracts than Luongo's.

(Suter, Parise, Weber, Keith, Quick, Crosby, Ovi.... could be wrong on one or two, haven't looked at the numbers)

But none of those guys would likely be a DINK like Luongo and retire... rather than play until perma-LTIR.


BTW Mike Richards' recapture penalty was for 5 years (at $1.32M per) and Kovalchuk's was for 12 years (at $250K).
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Re: NHL business

Post by Strangelove »

Y'know, with the 20% escrow + $10% salary deferral, a guy like Baer is financially better off playing in the AHL than the NHL.

This is because AHL players on one-way NHL contracts aren't subject to escrow (not sure about salary deferral).

So yeah, Baer would be able to keep all his money IF he plays in the A.

This wouldn't effect Loui all that much as his post-bonus salary is only $1M (he'll lose 20% of his $3M signing bonus btw).
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Re: NHL business

Post by Megaterio Llamas »

NHL, NHLPA Issue Update on Phased Return to Sport Protocol

https://media.nhl.com/public/news/14032
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Re: NHL business

Post by SKYO »

Strangelove wrote: Mon Jul 06, 2020 4:58 pm
SKYO wrote: Mon Jul 06, 2020 4:05 pm Russo:
Cap recapture (Parise/Suter) amended in new NHL - NHLPA CBA

There is no longer a charge greater than the contract’s AAV in any year, but charge continues until full overage is paid off.
So the Canucks with Luongo is the only team that will get affected mostly by the Brian Burke promoted Luongo Rule. Kings I think affected only 1yr.
If this new rule had been in effect all along, it wouldn't have affected what Canucks are paying in Luongo recapture.

(if Lou had retired in the last year of the contract it would have though)

With this new rule, the potential recapture number is still worse for some other contracts than Luongo's.

(Suter, Parise, Weber, Keith, Quick, Crosby, Ovi.... could be wrong on one or two, haven't looked at the numbers)

But none of those guys would likely be a DINK like Luongo and retire... rather than play until perma-LTIR.


BTW Mike Richards' recapture penalty was for 5 years (at $1.32M per) and Kovalchuk's was for 12 years (at $250K).
Still it saves Nashville, they won't have to get a $26M cap hit or whatever insane number that was lol, just his AAV now. Preds saved if/when Weber retires. Wild with parise/suter.
Can the Canucks just win a Cup within the next 5 years.
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