What is "players' share of hockey-related revenue"?
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01-07-2013, 10:55 AM
Join Date: Mar 2010
Location: Peg City
Originally Posted by
Your knowledge of the topic is quite amazing. One last question. With the cap going down to 64 million and prior contracts staying the same value, won't leaving the $ in tact will it hurt players with grandfather contracts a bit. Theoritically they will hit the cap a little harder because contracts going forward will be a bit less won't they. Or am I not thinking of this correctly?
That's exactly correct. Which is one of the reasons the PA fought so hard to increase next years cap. The NHL wanted it to be $60 million. Leaving at 60 would severely limit the opportunities for pending free agents to sign since many teams would already be at $60 million with a few roster spots yet to fill.
So the PA "won" a $64.3 million cap. Such a cap likely increases escrow amounts current contracted players owuld have to give up, but it opens up room for pending free agents to sign under.
Another mechanism introduced to open up cap space is the ability to buy out two players per team without any cap hit. The NHL initially only offered up one buyout.
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