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06-06-2010, 03:33 PM
RangerBoy's Avatar
Join Date: Mar 2002
Location: New York
Country: United States
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That 5% bump held by the NHLPA accounted for $2.74 million last June. Larry Brooks wrote about the escalator last summer. I remember reading it then and found it

The close vote on the escalator indicates executive director Paul Kelly and director of player affairs Glenn Healy do not have the union's attention. For both these gentlemen understood the critical importance of not allowing the cap to fall by the $2.64 million it would have if the vote had gone the other way.
Read more:

Instead of the cap decreasing from $56.7 million to $54.06 million,it increased by $100,000 to $56.8 million with the 5% bump.

$56.8 million with the same $2.74 million is $59.54 million.

Bettman said "a little over $2 million" with the 5% bump

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