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11-09-2012, 09:55 PM
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Sources on both sides confirmed to that the league’s Make Whole offer -- an attempt to honor players’ existing contracts -- amounts to $211 million of guaranteed money ($149 million in Year 1 and $62 million in Year 2, both deferred in payment by one year and payable with interest). The league’s belief is that by Year 3 of the deal, revenues will have likely grown enough that at 50 percent of HRR the players shouldn’t face much if any salary erosion in escrow. At which one NHLPA source countered, what if the revenues don’t grow that much? Then what? The union says in that case players aren’t made whole on their contracts.

Listen, the league’ $211-million Make Whole offer is not anything to sniff at, it’s a tangible move on the league’s part. But it’s still nowhere close to where the NHLPA would be willing to sign off on. Try about $600 million or so. That might do it.
Keep in mind that's Lebrun's estimates but he can't be that far off. Am I the only one stunned?

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