NHL and NHLPA have reached settlement on HRR

[RangerBoy]

The National Hockey League and the NHL Players' Association issued the following statement today:

"The NHL and the NHLPA have reached a settlement of their dispute over 2010-11 Hockey Related Revenue (HRR). The return of Escrow monies to the Players and Revenue Sharing payments to the Clubs were on hold while these matters were being resolved. The Players' Association and the League have also reached an agreement about how some of the disputed HRR issues will be addressed for this season (2011-12).

"The disbursement of Escrow and Revenue Sharing monies will occur in the coming weeks."

http://www.nhl.com/ice/news.htm?id=612788

Players gain additional $20M in HRR attributed to Phoenix, Nashville, Washington for 2010-11 as per agreement with NHL, Post has learned..

https://twitter.com/#!/NYP_Brooksie/...86927383019520

NHL agrees to attribute added specified $20M in HRR from Phx, Nash for this season.

https://twitter.com/#!/NYP_Brooksie/...87863451000832

Good job by the PA.

[Fehr Time*]

Good to see. Fehr is already making great strides by taking the owners to task and making them pay.

[Conflicted Habs fan]

I guess this means GB can sell the Coyotes now

[kdb209]

Thread from when this issue first arose in October:

NHL and NHLPA having problems

I will guess that the largest chunk of the $20M adjustment in HRR came from including a portion the $25M CoG subsidy in the Final HRR numbers - as was speculated/predicted in that thread.

Note that this discrepancy will not effect this seasons cap - a discrepancy between the accepted Initial HRR Report (which the cap is based on) and Final HRR Report would only be reflected in the cap if it were large enough to change the calculated Midpoint by >$3M. This change (if accounted for earlier) would have only bumped the Midpoint (and thus the Upper Limit) by ~$380K - $20M * 57% / 30 teams.

[Fugu]

Originally Posted by Fehr Time

Good to see. Fehr is already making great strides by taking the owners to task and making them pay.

Isn't partnership a wonderful thing?

[Killion]

Originally Posted by Fugu

Isn't partnership a wonderful thing?

Not when one partner can dine out in luxury at a 5Star "All You Can Eat"
while the rest of his partners & cousins are having to scrape up Road Kill.

[LadyStanley]

Real_ESPNLeBrun 2:45pm via TweetDeck To be more precise, players will have earned approximately 97.7 of their 2010-11 contracts


Real_ESPNLeBrun 3:12pm via Twitter for BlackBerry®
Highest escrow return for players was in 2005-06 when they got 104.64 percent of their contracts.

[Fugu]

Originally Posted by LadyStanley

Real_ESPNLeBrun 2:45pm via TweetDeck To be more precise, players will have earned approximately 97.7 of their 2010-11 contracts


Real_ESPNLeBrun 3:12pm via Twitter for BlackBerry®
Highest escrow return for players was in 2005-06 when they got 104.64 percent of their contracts.

Pierre forgot that the first year cap was an estimate (albeit a low one) since the NHL was being conservative after their return from the lockout. The cap was based on $200 MM (or more) less than actual HRR prior to the lockout.