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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, 06:59 AM
  #51
Timmy
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Quote:
Originally Posted by Wingsfan2965 View Post
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.
8 to 10 year cba should send a clear message to sponsors and fans alike that both the players and the owners want longterm labour peace.

Frustrated and angry fans may boycott for a little while but 8 years minimum is a long time for wounds to be healed. If there is a widespread cold shoulder it may serve as an impetus to extend the agreement rather than excercise their optouts but that would be about it.

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01-06-2013, 07:01 AM
  #52
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Originally Posted by Wingsfan2965 View Post
Ahh.

That's better.

Still skeptical that somebody will figure out how to tamper with that.
It will be interesting to see the strategies the GM's and agents come up with to circumvent these new regulations.

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01-06-2013, 07:01 AM
  #53
Sydor25
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Quote:
Originally Posted by Pepper View Post
No, any year can't be less than 50% of first year.
I believe it is 50% of the highest year, not just the first year.

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01-06-2013, 07:03 AM
  #54
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Can't see it lasting 10 years, I am sure someone will break at 8. But 8 years of guaranteed hockey is good for me.

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01-06-2013, 07:03 AM
  #55
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No, any year can't be less than 50% of first year.
Are you sure?

If it's only the first year that is the benchmark, what is to stop them from doing contracts like 1M 12M 1M 1M 1M 1M 1M? 6.5 avg in first 2 years with a cap hit of around 2.6M. Basically a 2 year retirement contract.

Is there still a cap re-capture element? Do all contracts apply even if the guy retires?

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01-06-2013, 07:04 AM
  #56
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Originally Posted by Wingsfan2965 View Post
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.
Can't disagree NBCSN would like their ratings climb, however being in business with a league they can't rely on, at a cost of $200M/year, doesn't fix the ratings.

As well other major sponsors have made their displeasure known publicly, some even suggesting they will be looking for compensation.

With all due respect, I think it would be naive to believe sponsor pressure had nothing to do with the NHL's decision to negotiate a deal.

Nick Kypreos ‏reports this AM, 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, 07:04 AM
  #57
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They weren't going to get serious about negotiations until they were pressured with the season being canceled.

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01-06-2013, 07:05 AM
  #58
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That eight year opt-out is dangerous. Their contract with NBC ends the year following.

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01-06-2013, 07:05 AM
  #59
Pepper
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Quote:
Originally Posted by Sydor25 View Post
I believe it is 50% of the highest year, not just the first year.
Well, I don't know if they changed that during the latest talks but it was 50% of the first year in the earlier proposals.

Either way, there won't be any stupid Kovalchuk-type contracts given.

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01-06-2013, 07:05 AM
  #60
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Quote:
Originally Posted by disgruntleddave View Post
Are you sure?

If it's only the first year that is the benchmark, what is to stop them from doing contracts like 1M 12M 1M 1M 1M 1M 1M? 6.5 avg in first 2 years with a cap hit of around 2.6M. Basically a 2 year retirement contract.

Is there still a cap re-capture element? Do all contracts apply even if the guy retires?
50% variance from high to low.

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01-06-2013, 07:07 AM
  #61
Pepper
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Quote:
Originally Posted by disgruntleddave View Post
Are you sure?

If it's only the first year that is the benchmark, what is to stop them from doing contracts like 1M 12M 1M 1M 1M 1M 1M? 6.5 avg in first 2 years with a cap hit of around 2.6M. Basically a 2 year retirement contract.

Is there still a cap re-capture element? Do all contracts apply even if the guy retires?
Because there's also 35% variance y-o-y.

If first year is 1M, the next season can be only 1.35M etc.

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01-06-2013, 07:08 AM
  #62
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Originally Posted by Panthers are Red View Post
Can't see it lasting 10 years, I am sure someone will break at 8. But 8 years of guaranteed hockey is good for me.
Without researching it I think history shows that optouts are rare. Best case scenario would be the full 10 years with negotiations beginning after both sides extend but the league and sports industry landscape could look wildly different a decade from now so who knows.

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01-06-2013, 07:08 AM
  #63
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Originally Posted by Wingsfan2965 View Post
Ahh.

That's better.

Still skeptical that somebody will figure out how to tamper with that.
Can't see how, with a max 50% variance over the term and a 35% variance year over year, very restrictive.

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01-06-2013, 07:10 AM
  #64
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Holdurbreathe, what's that $60M players fund about?

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01-06-2013, 07:10 AM
  #65
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Originally Posted by Holdurbreathe View Post
Can't see how, with a max 50% variance over the term and a 35% variance year over year, very restrictive.
Yep. I'd say almost impossible to circumvent.

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01-06-2013, 07:15 AM
  #66
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Quote:
Originally Posted by Wingsfan2965 View Post
Holdurbreathe, what's that $60M players fund about?
I think he was talking about this:

Sources tell Sportsnet new #CBA deal includes revenue sharing at 200M plus 60M growth fund.

Sounds like the RS amount can grow with revenue.

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01-06-2013, 07:17 AM
  #67
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At Last !!!!!!!!!!!!!!!!!!!!!!

Have a real serious urge to listen to a tape of Etta James sing this, though I'll take Beyonce or Xtina's version.

maybe the First medley of arena music should open the first games with a version of this song seems so appropriate dontcha think.


Last edited by Falconone: 01-06-2013 at 07:19 AM. Reason: spelling
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01-06-2013, 07:18 AM
  #68
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The 60M growth fund will be money given to teams making biggest losses. How it will be divided remains to be seen.

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01-06-2013, 07:21 AM
  #69
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Quote:
Originally Posted by Sydor25 View Post
I think he was talking about this:

Sources tell Sportsnet new #CBA deal includes revenue sharing at 200M plus 60M growth fund.

Sounds like the RS amount can grow with revenue.
As it should.

RS should have been more than or at least potential to be more than that but we'll see.. won't have to battle about it for another 8 years.

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01-06-2013, 07:23 AM
  #70
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Any word on the amount of compliance buy-outs?

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Old
01-06-2013, 07:24 AM
  #71
Holdurbreathe
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Originally Posted by Wingsfan2965 View Post
Holdurbreathe, what's that $60M players fund about?
The players wanted a growth fund as part of RS, to assist teams in new or less conventional hockey markets, however it seemed to gain little traction with the NHL.

So I was surprised when Dreger reported, "confirming revenue sharing will spread $200 million. Additionally, $60 mil PA initiated growth fund also included."

I have no detailed info on how this growth fund will function (funding, allocation, etc.).


Last edited by Holdurbreathe: 01-06-2013 at 07:31 AM.
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01-06-2013, 07:26 AM
  #72
Pepper
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Any word on the amount of compliance buy-outs?
2 according to RDS.

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Old
01-06-2013, 07:28 AM
  #73
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Any word on the amount of compliance buy-outs?
As part of new CBA, each team can use up to two compliance buyouts prior to 2013-14 season. Will count against players' share.

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01-06-2013, 07:41 AM
  #74
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Congratulations NHL and NHLPA. That was about time.
Real curious to see wat's happen with Ryan O Reilly and Cody Franzon.


Last edited by fredrikstad: 01-06-2013 at 08:14 AM.
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01-06-2013, 07:45 AM
  #75
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**** the NHL, they can't jerk me around like this, I'm a hockey fan, not an NHL fan and I say screw them and their pathetic half-season.

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