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free-agency period will be delayed?

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05-27-2006, 02:00 PM
  #1
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free-agency period will be delayed?

http://sports.espn.go.com/nhl/news/story?id=2385927

Updated: March 27, 2006, 10:59 AM ET
Players split on growth of salary cap
By Scott Burnside
ESPN.com

It's possible the free-agency period will be delayed more than a week from July 1 to allow the NHL Players' Association to discuss the merits of having the salary cap grow to about $46 million or to stay around $43 million to expose players to fewer losses if revenues don't keep pace with salaries.

League sources told ESPN.com that it's believed the NHL will agree to extend the start of the free-agency period to somewhere around July 12 to allow players to fully discuss the issue.

League revenues have grown beyond expectations and players will see all monies paid into the escrow account returned to them. But there is considerable debate among players about whether the cap should be lowered to guard against a shortfall in revenues next season or if it should reflect this year's revenues (expected to reach about $2.1 billion).


One player representative told ESPN.com he thinks players are pretty much split on whether they want the cap to go up as high as possible or be restricted. In general, he said, players that have long-term deals are more supportive of keeping the escrow in check, while those who are free agents would like to see the cap rise to the maximum.

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05-27-2006, 04:19 PM
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So funny how they fought all that time not to have a cap and now all of a sudden they are not sure if they want a higher cap. Seems weird.

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05-27-2006, 04:28 PM
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With the amount of money they make , a 10% escrow should not worry them. If im a player i would pull for a bigger cap with an escrow.

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05-27-2006, 05:44 PM
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The NHL had their thinking caps on when they rigged the cap and the escrow account. To counteract the raise in salary that free agents get from measuring their value to those of top earners, they've also put the current top earners in competition with the free agents. The current top earners don't want to see the cap go up, because that could mean more salary money on the books, and if they don't hit revenue marks at 54% or above, THEY get a cut in salary because of these new guys making money.

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05-27-2006, 06:21 PM
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Quote:
Originally Posted by beowulf
So funny how they fought all that time not to have a cap and now all of a sudden they are not sure if they want a higher cap. Seems weird.
Yea its awkward

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05-27-2006, 07:25 PM
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Quote:
Originally Posted by raketheleaves
The NHL had their thinking caps on when they rigged the cap and the escrow account. To counteract the raise in salary that free agents get from measuring their value to those of top earners, they've also put the current top earners in competition with the free agents. The current top earners don't want to see the cap go up, because that could mean more salary money on the books, and if they don't hit revenue marks at 54% or above, THEY get a cut in salary because of these new guys making money.
It's absolutely brilliant. Make the players decide themselves the risk/reward factor.

I can almost see Howie Mandel saying "Deal, or No Deal?"

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05-27-2006, 07:33 PM
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znk
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Quote:
Originally Posted by beowulf
So funny how they fought all that time not to have a cap and now all of a sudden they are not sure if they want a higher cap. Seems weird.
It's because of the escrow clause.

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05-27-2006, 10:49 PM
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Toro
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Originally Posted by znk
It's because of the escrow clause.
still, its funny

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05-28-2006, 12:07 AM
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Does anyone know the rate of return that the players are getting on their escrow payments? If memory serves, when the CBA was announced, it was mentioned that if the money was returned to the players, it would be done with interest. I don't recall hearing a rate of return though. Was it supposed to be at a market rate (such as the Federal reserve rate in the U.S. or the overnight lending rate in Canada), or was it to be rate stipulated in the CBA?

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05-28-2006, 12:10 AM
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Originally Posted by Jozeph_Balej
With the amount of money they make , a 10% escrow should not worry them. If im a player i would pull for a bigger cap with an escrow.
if i am a lower level player who going to make under 1 million i might go for the lower cap with less escrow. After seeing Richards deal it's obvious there will be some player who make big money and alot of players making close to league minimium. Why screw yourself over so Richard can make an extra 800k when you will have a salary of 500k either way.

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05-28-2006, 01:44 AM
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who goona be right? anyways tampa is in a world of hurt at 43.5 million

http://www.sportsnet.ca/hockey/artic...26_183321_4068



Cap issue will not delay UFA signings
May 26, 2006


The NHL feels confident it can determine what the ceiling of the hard cap will be next season without delaying the start of this summer's free-agent period.

Sources tell Sportsnet the league intends to observe the traditional date of July 1 to mark the commencement of unrestricted free-agent negotiations.

The NHL and the NHLPA were skeptical of being able to wade through the sea of revenue assessment in time to avoid pushing back the process.

While the hard cap figure for 2006-2007 is based on revenue streams that are still being generated, the sense is next year's cap will come in at aproximately $43.5 million, which translates into a $4 million dollar bump per team.

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