Question about contracts due to lockout
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11-13-2012, 03:23 PM
Join Date: Jan 2010
Location: Toronto, Ontario
Legal Look: Do players lose contract year on a lost season?
If a full season is lost to a lockout, a player loses that entire year on his contract even though no hockey is ever played. That means that a lost year does not somehow carry over to the following year. The year is gone; the money is gone.
The reason goes back to how a player contract is structured (or as it's called, a Standard Player's Contract or its short form, SPC). When a player signs a contract, he agrees that each contract year is counted as a "League Year". Under the CBA, a "League Year" is defined as July 1 of one year to June 30 of the next year.
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