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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, NHL revenues, relocation and expansion.

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

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01-06-2013, 11:07 AM
  #201
Riptide
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Quote:
Originally Posted by Wingsfan2965 View Post
35% leaves plenty of room to circumvent the cap.
Not when the lowest year must be 50% of the highest.

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01-06-2013, 11:07 AM
  #202
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Originally Posted by blasted_Sabre View Post
Are contracts still able to be buried? In other worfs does Redden count against the Rangers cap?
I feel like reading that you couldn't do that any more but I am not sure what the CBA decided on. Probably a lot of sleeping and running around from media guys so there won't be a ton of news til the CBA gets put onto a piece of paper.

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Originally Posted by Crease View Post
I should have chosen my words better HC. It should be interpreted as "no decision regarding realignment has been made for 2012 or 2013 YET." Doesn't exclude the possibility of realignment before next season.
Ya, hard to imagine that they don't try and re-align for next season. It probably wasn't the biggest concern last night as they debated pensions and cap numbers.

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01-06-2013, 11:08 AM
  #203
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So after all this, the cap is only rolled back one season's worth?

 
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01-06-2013, 11:09 AM
  #204
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Originally Posted by Riptide View Post
Not when the lowest year must be 50% of the highest.
*IF* that's the case, yes. TSN reported the 50% affects only the last year.

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01-06-2013, 11:10 AM
  #205
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Originally Posted by mapes View Post
35 percent?!? Yikes. What's the point of even having one?
Same as the 7/8 yr limits. Get your foot in the door, then try and make smaller changes down the road. The biggest hurdle is always getting the first part in.

Now the NHL has variance, contract limits, cap. It should be easier for them to tweak it down small parts at a time over the next few CBAs.

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01-06-2013, 11:11 AM
  #206
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Originally Posted by Dado View Post
So after all this, the cap is only rolled back one season's worth?
And HRR will be split 50/50 + contract limits + increased RS + 8 to 10 years of labour peace

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01-06-2013, 11:11 AM
  #207
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Originally Posted by Dado View Post
So after all this, the cap is only rolled back one season's worth?
Cap ceiling is reset to 2011-2012 level for Year 2 albiet with a lower floor, then goes to the higher of 2011-2012 or 50/50 for each of the remaining 8 years.

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01-06-2013, 11:12 AM
  #208
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Just wondering how long it will take some GM or agent to find another loophole in this new CBA that the NHL never thought of.

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01-06-2013, 11:12 AM
  #209
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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.
That's actually a TON of money being re-distributed. The NBA actually re-distributes less than that. One of the posts I saw said their redistribution is ~95m, and 3.6% of their revenue. It would be interesting to see the NFL's numbers, but I would suspect (while higher) that it's something similar.

Even for the NHL, the plan they've proposed shares/transfers a LOT more than splitting the gate 50% would ever have done.

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01-06-2013, 11:14 AM
  #210
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Quote:
Originally Posted by Crease View Post
Cap ceiling is reset to 2011-2012 level for Year 2 albiet with a lower floor, then goes to the higher of 2011-2012 or 50/50 for each of the remaining 8 years.
I think this fact is being overlooked. The lowest the ceiling can be in $64.3m. A LOT of people were pissed at the NHLPA for even offering that previously, yet it seems like it was worth it considering they got it.

Of course, if $64.3m is more than 50/50, the players will be paying extra escrow. The only way they wouldn't is if the floor is adjustable in a situation like that.

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01-06-2013, 11:16 AM
  #211
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How will th PA spin this?
"Players win long battle for improved working conditions!"
"Players no longer forced to sign 12 year endentured slave deals"
"Escrow... We love it, so we pay more of it"


From the early reports, it sounds like they will be taking quite a bit less, on top of what they already flushed away in salary.

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01-06-2013, 11:17 AM
  #212
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Seems to me this proposal looks, effectively, a lot like the PA's original concept of how to get down to 50%. It just uses a slightly different mechanism to effectively bust the 50% split until revenues catch up.

8 year term limits are pretty meaningless, IMO.

The one biggie is whether teams can still bury contracts in the AHL - haven't read anything yet saying that's changed...?

 
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01-06-2013, 11:21 AM
  #213
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Originally Posted by Dado View Post
The one biggie is whether teams can still bury contracts in the AHL - haven't read anything yet saying that's changed...?
While there hasn't been any official news, I'd be extremely surprised if teams can escape salary cap by burying players to minors.

So my prediction is that all 1-way NHL contracts count against the cap and players' share no matter what (LTIR cap-hit excluded).

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01-06-2013, 11:23 AM
  #214
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Originally Posted by cbcwpg View Post
Just wondering how long it will take some GM or agent to find another loophole in this new CBA that the NHL never thought of.
About eight seconds after they receive the full agreement.

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01-06-2013, 11:25 AM
  #215
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Quote:
Originally Posted by DeadPuckEraSurvivor View Post
NHL/players reach tentative deal is the first headline on ESPN.com
"NHL lockout comes to an end" front page of yahoo sports surrounded by football
"Tentative NHL CBA reached" 1/3 main headlines on CBS sports frontpage

EDIT: literally just turned to sportscenter and they are talking about the lockout lol

yes hockey is a niche sport in America, yes its going to take a backseat to NFL playoff games today

but where is the media not covering it stuff coming from?

When I checked those sites at around 10am, the agreement was relegated to small-font links. No headlines

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01-06-2013, 11:26 AM
  #216
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I stayed up late last night waiting for updates on the negotiations. I finally gave up and went to bed shortly after 5am. When I woke up this morning I discovered that news of the deal broke at about 5:20am

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01-06-2013, 11:27 AM
  #217
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Originally Posted by caliamad View Post
2 things I don't like with deal

Only 200 million in revenue sharing. I believe last CBS was around 110. This seems like a joke.
7-8 year contracts. Would have liked 5-6 or 6-7.
I've done the math on this several times and made the point that by doing direct redistribution, the NHL likely accomplishes the same amount of money going from rich team to poor as if they adopted the NFL's system, where everybody puts money into the same pot and then takes back out a slightly different amount. In effect, imposing the NFL's model of "sharing" 60% or so of revenue would only move about 5-10% of money from rich team to poor - exactly what the NHL is doing.

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01-06-2013, 11:30 AM
  #218
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Quote:
Originally Posted by Pepper View Post
*IF* that's the case, yes. TSN reported the 50% affects only the last year.
Even if it's just the last year, it will have an effect on cap numbers of contracts.

for example, 7 years for a 29 year-old UFA, trailing off after the last 4

9+9+8+8+5.2+3.4+2.2 = 6.4 cap hit

9+9+8+8+5.2+3.4+4.5 = 6.7 cap hit


Alone the 50% in the last year would be worthless, but along with a contract limit of 7(8) years, it has an effect. I guess you could have an extreme case where a contract went down 35% every year until the final year, but if you are the kind of player signing a max length deal, you are certainly going to get paid big $$$ for at least 4 of those seasons.

Most have been saying all along that the NHL didn't need both tight variance and contract limits, and I agree. Since they didn't get the 5 year limit they wanted, these percentages just tweak it a little bit to more what they had in mind, I'm guessing.

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01-06-2013, 11:31 AM
  #219
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Originally Posted by colchar View Post
I stayed up late last night waiting for updates on the negotiations. I finally gave up and went to bed shortly after 5am. When I woke up this morning I discovered that news of the deal broke at about 5:20am
That's why you just go to bed, and when you wake up it's like Christmas morning


By the way, as I (and some others) have said in the past, this is why you don't accept proposals. None of what happened over the last 2 days was either side accepting a proposal. That's for all you "if the players would just vote!" people

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01-06-2013, 11:32 AM
  #220
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This might have been mentioned but I'm not gonna spend hours sifting through this thread.... did they mention anything about realignment for this season? Also anything on expansions/expansion fees? Thanks.

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01-06-2013, 11:33 AM
  #221
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Originally Posted by Blue Regime View Post
This might have been mentioned but I'm not gonna spend hours sifting through this thread.... did they mention anything about realignment for this season? Also anything on expansions/expansion fees? Thanks.
No realignment this season or next, is what I'm hearing.

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01-06-2013, 11:34 AM
  #222
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so how close is this offer they accepted compaired to the one back in october??
huge difference??

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01-06-2013, 11:34 AM
  #223
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Quote:
Originally Posted by Pepper View Post
*IF* that's the case, yes. TSN reported the 50% affects only the last year.
Could you provide a link because all I got was lowest year is to be 50% of highest no matter which year is lowest or highest.

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01-06-2013, 11:34 AM
  #224
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Question, because the cap will be at 70 mill, does that mean the players with front ended deals will end up paying higher escrow, and thereby reducing their salaries more than had they signed a deal that paid the same amount each year?

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01-06-2013, 11:34 AM
  #225
Riptide
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Quote:
Originally Posted by Pepper View Post
Okay, I'll give you that the timing of World Cup in september was crappy.

But if I had to choose World Cup with NHL rules and Olympics with IIHF rules both in february, I'd easily choose the former.
Agreed.

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