2012-13 Lockout Discussion Part VI: The "What Comes Before Square One?" Edition
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11-12-2012, 07:14 AM
Join Date: Mar 2002
Location: New York
Someone in the players union says the two sides aren't far apart on the economic issues. Its the contract stuff.
But lost amid the gloom is the progress the league and union have made in six straight days of talks. They are fairly close on the critical issue of honoring existing contracts, according to the union delegate.
The issue of finding a way to pay players with existing contracts in full under a lower salary cap — or settling on a “make whole” provision, in the language of the negotiations — had been a stumbling block in previous weeks. But by Sunday, the two sides were $2 million to $3 million apart per team, per year, an amount the delegate described as “within spitting distance.”
The league and union are even closer to agreement on revenue sharing among clubs, with a plan described as basically done except for administrative details. The system will be significantly expanded compared with the N.H.L.’s current system, with more teams qualifying for revenue sharing and more money distributed.
The system will include a small fund, similar to baseball’s industry growth fund, that Bettman can specially earmark for the neediest franchises — presumably teams like Phoenix, the Islanders, Columbus and Florida.
They are close to a deal on the economic stuff. A few more weeks of seeing who breaks first. Mind numbing.
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