2012-2013 Lockout Discussion Thread (Part II)
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09-19-2012, 11:48 AM
Join Date: Mar 2002
Location: New York
An arbitrator ruled signing bonuses are due regardless of a lockout.
The Rangers lost an arbitration case filed by Holik and Ortmeyer. The 2005 lockout didn't end until late July 2005. The Rangers owed Holik and Ortmeyer signing bonus money.
Perhaps the most dishonorable episode in recent Rangers' history was settled yesterday when arbitrator Richard Bloch ruled that the Blueshirts must indeed pay Bobby Holik and Jed Ortmeyer their respective signing bonuses the team withheld during and after the 2004-05 NHL lockout.
Holik will receive $3.52M, representing the $2M he was owed on July 1, 2005 and the post-rollback $1.52M he was owed on July 1, 2006, under terms of the five-year, $45M contract he signed with the Rangers on July 1, 2002.
Ortmeyer will receive the $150,000 he was owed on July 1, 2005 as part of the three-year, $1.2M contract under which he was working at the time.
If the lockout wipes out the entire season,Minnesota still owes Suter and Parise a combined $20M on July 1,2013. Nashville owes Weber $13M next July 2013. So where is that money coming from if they missed the entire 12-13 season and need to sell tickets for 13-14 after losing a 2nd season is lost because of a lockout? Who is buying tickets for the 13-14 season after missing 12-13? Who knows when the lockout will be settled if they miss an entire season? The NHL teams still need to stroke a check for those signing bonuses next summer.
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