NEWS LINKS ONLY - Lockout News & Updates
View Single Post
11-27-2012, 02:18 PM
Join Date: Nov 2004
Custance via KK:
Assuming risk moving forward
There's been a lot of talk about how close the two sides are financially but there's a major hurdle that needs to be addressed in the NHLPA's last offer. The line that says this: "There are no guarantees or fixed targets, other than a requirement that, beginning with the second year of the Agreement, players' share, expressed in dollars, may not fall below its value for the prior season." In English? In Years 2-5 of the players' offer, the number they make in the second year is the bottom line. Their cut of the revenue won't go below it.
"What they're saying is, 'We're not willing to absorb any risk," said one NHL source.
During the last CBA, revenues grew at record rates, so a clause like this wouldn't have mattered. But there's a growing belief that it may take a few years to recover from the damage of this lockout and the locked out players don't believe they should pay the price. The sooner a deal is reached, the less of an issue this becomes.
"If this thing settles in the next two weeks, they've put a lid on it," said an agent.
View Public Profile
Find More Posts by Fugu