: Larry Brooks:
NHLPA votes 5% cap escalator, extends cba 2011-12
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06-23-2010, 07:08 AM
Join Date: Mar 2002
Location: New York
The NHL Players' Association voted yesterday to trigger the 5-percent salary cap escalator for next season while also voting to extend the collective bargaining agreement through the 2011-12 season, The Post has learned.
The votes were cast by the union's 30 player reps in the second day of the Players' Association's meeting in Chicago.
The cap, which was $56.8 million last season, is expected to increase by approximately $2 million for 2010-11
By exercising the union's unilateral option to extend the labor agreement, the upcoming season's cap will also allow for a 7.5-percent bonus cushion to be added to the cap to cover bonus payments on Entry Level and over-35 contracts.--Larry Brooks
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