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12-28-2012, 02:09 PM
  #125
Riptide
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The following is the highlights of the latest proposal from the NHL to the NHL Players' Association:

- Ten-Year Agreement (through 2021/22 season); Parties have mutual opt-out right after 8 years.

- 50-50 Revenue Split between Clubs and Players with current HRR Accounting.

- $300 million in "Make-Whole" payments (outside the system) to compensate Players for the reduced value of Player contracts in the early years of the new CBA.

- No contractual "roll backs" of Player Salaries.

- Clubs can operate with an effective Upper Limit of $70.2 million in 2012/13; must come into compliance with $60 million Upper Limit for the start of the 2013/14

season.

http://www.tsn.ca/nhl/story/?id=412383

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Last edited by Homeland Security: 12-28-2012 at 05:16 PM. Reason: No link & too much content.
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