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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, and NHL revenues.

Players and Owners reach an agreement (MOD: circa 5am ET 1/6/13)

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01-06-2013, 06:13 AM
  #26
LadyStanley
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Originally Posted by kemisti View Post
Awesome. So they could start Monday, one week out, maybe?
In presser, Bettman indicated it might be 24-48 hours before they would release schedule (and we'd know start).

Still a few details to be worked out (and written down). Then needs to go through ratification (which will probably take 24-48 hours). Then things can officially start (WRT when players have to report to camp, etc.).

Let's say they finish the CBA details today. Ratification Monday/Tuesday. Wednesday (1/9) camps open. A week of camp, games could start 1/15.


NHLN (US) now showing news of agreement on ticker.

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01-06-2013, 06:17 AM
  #27
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Long trip to buy few bottles of tax free vodka.
Nah, he didn't even get a chance to leave the airport terminal.

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01-06-2013, 06:17 AM
  #28
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My Question to both the NHLPA & the NHL Owners : Why wasn't this marathon 16 hour CBA agreement done on September 14th?

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01-06-2013, 06:20 AM
  #29
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Question to the number-crunchers on here:
Do the terms they agreed upon solve the problems at hand?

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01-06-2013, 06:21 AM
  #30
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@BNHarrington

Sportsnet reporting NO press conference Sunday and that the info on season/schedule/camp won't come until Monday

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01-06-2013, 06:22 AM
  #31
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Originally Posted by FakeKidPoker View Post
@BNHarrington

Sportsnet reporting NO press conference Sunday and that the info on season/schedule/camp won't come until Monday
Humbug.

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01-06-2013, 06:26 AM
  #32
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Cheers to a season everyone!!!

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01-06-2013, 06:29 AM
  #33
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Originally Posted by McLlwain View Post
Question to the number-crunchers on here:
Do the terms they agreed upon solve the problems at hand?
The variance number has yet to come out. That'll be a big deal regarding contracts. Length means nothing if they can still front-load it.

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01-06-2013, 06:29 AM
  #34
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ZZZZZZZ

This "season" is so tainted by now it doesn't matter. They should've started legitimately in October.

Some of you are the biggest suckers around for loving this. Reminds me of the line from Animal House when the frat pledge gets beat with the paddle and says -

"Thank you sir may I have another"

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01-06-2013, 06:30 AM
  #35
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Originally Posted by BleedBlue1967 View Post
My Question to both the NHLPA & the NHL Owners : Why wasn't this marathon 16 hour CBA agreement done on September 14th?
Why not in September? Bettman/Batterman were too busy then with take it or leave it proposals, betting on the players capitulating.

Why now? My bet is NBC and other major sponsors came to the realization Bettman's tweaks were significantly greater than they were lead to believe. Thus the sponsors told the Bettman they were going to reconsider their involvement in the league.


Last edited by Holdurbreathe: 01-06-2013 at 06:35 AM.
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01-06-2013, 06:34 AM
  #36
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Originally Posted by Wingsfan2965 View Post
The variance number has yet to come out. That'll be a big deal regarding contracts. Length means nothing if they can still front-load it.
On variance, lowest-paid season of any multi year deal can be no lower than 50 per cent of highest season, 35% year to year.

Year 2 cap at $64.3 M, Year 2 floor will be $44 M

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01-06-2013, 06:40 AM
  #37
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Originally Posted by Holdurbreathe View Post
On variance, lowest-paid season of any multi year deal can be no lower than 50 per cent of highest season, 35% year to year.

Year 2 cap at $64.3 M, Year 2 floor will be $44 M
35% leaves plenty of room to circumvent the cap.

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01-06-2013, 06:41 AM
  #38
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Quote:
Originally Posted by Holdurbreathe View Post
Why not in September? Bettman/Batterman were too busy then with take it or leave it proposals, betting on the players capitulating.

Why now? My bet is NBC and other major sponsors came to the realization Bettman's tweaks were significantly greater than they were lead to believe. Thus the sponsors told the Bettman they were going to reconsider their involvement in the league.
Nick Kypreos @RealKyper tweeted something along those lines, too:
Quote:
Told possible reason #CBA deal. Bettman under intense pressure from major sponsors. Sponsors nervous investing again in "devalued product"

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01-06-2013, 06:47 AM
  #39
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Originally Posted by Holdurbreathe View Post
Why not in September? Bettman/Batterman were too busy then with take it or leave it proposals, betting on the players capitulating.

Why now? My bet is NBC and other major sponsors came to the realization Bettman's tweaks were significantly greater than they were lead to believe. Thus the sponsors told the Bettman they were going to reconsider their involvement in the league.
I'm sure NBC put pressure on the league, but I highly doubt they made any threats.

Considering the awful numbers that came out for NBCSN, they've made it painfully obvious that if they want their sports network to go anywhere, they need the NHL.

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01-06-2013, 06:50 AM
  #40
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Originally Posted by Wingsfan2965 View Post
35% leaves plenty of room to circumvent the cap.
Not with term-limits and no year being lower than 50% of the highest. Of course you will have some lower years at the end, but the cap-hit will still be quite high, not enough to open up millions. Take a eight year deal that goes like this 10-10-7-5-5-5-5-5. That's still a 6.5 million cap hit. Yes, the first two years will have much higher salary than cap-hit, but most of the contract will be the opposite.

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01-06-2013, 06:51 AM
  #41
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"We have reached an agreement on the framework of a new collective bargaining agreement," NHL commissioner Gary Bettman confirmed to reporters early Sunday morning. ""I want to thank Don Fehr. We still have more work to do, but it's good to be at this point."

gary bettman thanking donald fehr, that's all I need to hear to know its done

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01-06-2013, 06:52 AM
  #42
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Originally Posted by Wingsfan2965 View Post
35% leaves plenty of room to circumvent the cap.
Nope, the 50% maximum variance takes care of that. And the 7/8y term limits.

10M-7.5M-5M-5M-5M-5M-5M-5M means 5.31M cap hit. Only the first 2 years differ greatly from the cap hit.

And teams will be hesitant to give deals like that, especially to players over 28.

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01-06-2013, 06:52 AM
  #43
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Quote:
Originally Posted by McLlwain View Post
Question to the number-crunchers on here:
Do the terms they agreed upon solve the problems at hand?
IMO the fundamental problem the NHL needed to deal with was the significant revenue disparity between franchises.

While I am not convinced the RS plan will be sufficient, the $200 million and the $60 mil PA initiated growth fund definitely is a step in the right direction.

I also believe the new contract variance and term agreement will be a positive step in dealing with those cap circumventing deals.

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01-06-2013, 06:52 AM
  #44
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Originally Posted by Sanderson View Post
Not with term-limits and no year being lower than 50% of the highest. Of course you will have some lower years at the end, but the cap-hit will still be quite high, not enough to open up millions.
The 50% rule only applies to the final year, right?

If so, say Malkin goes:

$11M
$11M
$11M
$7.15M
$7.15M
$3.3M
$3.3M
$5.5M

Averages at $7.4M.

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01-06-2013, 06:53 AM
  #45
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Originally Posted by Wingsfan2965 View Post
The 50% rule only applies to the final year, right?

If so, say Malkin goes:

$11M
$11M
$11M
$7.15M
$7.15M
$3.3M
$3.3M
$5.5M

Averages at $7.4M.
No, any year can't be less than 50% of first year.

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01-06-2013, 06:56 AM
  #46
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35 percent?!? Yikes. What's the point of even having one?

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01-06-2013, 06:56 AM
  #47
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Quote:
Originally Posted by Holdurbreathe View Post
IMO the fundamental problem the NHL needed to deal with was the significant revenue disparity between franchises.

While I am not convinced the RS plan will be sufficient, the $200 million and the $60 mil PA initiated growth fund definitely is a step in the right direction.

I also believe the new contract variance and term agreement will be a positive step in dealing with those cap circumventing deals.
Care to explain what that is? Dreger mentioned it and I was clueless.

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01-06-2013, 06:57 AM
  #48
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Quote:
Originally Posted by Holdurbreathe View Post
Why not in September? Bettman/Batterman were too busy then with take it or leave it proposals, betting on the players capitulating.

Why now? My bet is NBC and other major sponsors came to the realization Bettman's tweaks were significantly greater than they were lead to believe. Thus the sponsors told the Bettman they were going to reconsider their involvement in the league.
Negotiations didn't start in a timely manner because Fehr said he needed time to get up to speed.

This last negotiation is the first time the PA engaged the league, until now they have given "alternate" proposals stuffed with poison pills.

Real negotiations could have been done off the October proposal but evidently even as late as the early December negotiations Fehr told the players to hang on, they could get more if they waited until the last minute..

Monday they would all have been compelled to go to court. Perhaps the NHLPA case was not something Fehr waned to give a test run.

The debate will now be whether or not Fehrs strategy of stonewall and delay was worth it.

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01-06-2013, 06:57 AM
  #49
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Quote:
Originally Posted by McLlwain View Post
Question to the number-crunchers on here:
Do the terms they agreed upon solve the problems at hand?
Only if the Owners themselves take responsiblity for their own actions.

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01-06-2013, 06:58 AM
  #50
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Originally Posted by Pepper View Post
No, any year can't be less than 50% of first year.
Ahh.

That's better.

Still skeptical that somebody will figure out how to tamper with that.

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