The result? It looks like a win for the players, though both sides got some things they wanted. Here's how it all shook out:
- Cap of $64.3 million (up from $60 million originally proposed by league, down from $67 million proposed by players)
- Salary floor of $44 million (a mere $8.3 million in 2011-2012)
- Limits on contract lengths
- 8 years if re-signing, 7 years if signing a free agent that switches teams
- Salary variance maxed at 35% from one year to the next, as well as no year being more than 50% lower than the highest annual salary in the deal
- E.g. anyone with a salary of $10 million for one year within the contract can't have a salary lower than $5 million for another year in that contract.
- This should help avoid wildly long deals that circumvented the cap, but it's still a pretty good deal for the players. The NHL was asking for 5% variance at one point.
- Revenue sharing of $200 million, with a $60 million "growth fund." Not sure exactly what that is yet.
- Neutral third party will make decisions on appeals for suspensions of 6 games or more.
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