Fog/Mist
62°
Morris, IL
Fog/Mist|Forecast »

NHL proposes 50-50 revenue split; other terms may be sticking points

Text Size: AaAaAaAaAa

(MCT) — LOS ANGELES—The NHL kick-started its stagnant negotiations with the players’ association Tuesday by proposing a collective bargaining agreement based on a 50-50 split of hockey-related revenue between owners and players and contingent on a full season being played, starting Nov. 2.

Although the division of hockey-related revenue in each year of the proposed six-year deal is more favorable to players than the NHL’s previous offers to them of 43 percent and 47 percent, other terms are likely to raise their hackles, such as limiting contracts to five years and postponing eligibility for unrestricted free agency by a year to 28 years old or after eight years’ service.

Player representatives conferred via phone Tuesday. The union was expected to seek clarification from the league on various points before responding Wednesday or Thursday.

“We believe this was a fair offer for a long-term deal and it’s one that we hope gets a positive reaction so that we can drop the puck on Nov. 2, which, backing up, entails at least a one-week training camp,” Commissioner Gary Bettman told reporters in Toronto.

“So, we have about nine or 10 days to put this all to bed, signed, sealed and delivered in order for this offer to be effective and for us to move forward. We hope that this effort that we’ve undertaken today will be successful because we know how difficult this all has been for everybody associated with the game, particularly our fans.”

The NHL locked players out Sept. 15, intent on bringing their share of hockey-related revenue down from last season’s 57%. Training camp and regular-season games through Oct. 24 were canceled. To play 82 games, each team could make up games during lulls in the existing schedule and the season could be extended two weeks, into late April. A shortened season could be played if negotiations lag.

Neither side would provide full specifics of the proposal, but people familiar with the negotiations confirmed many key elements and said they saw a framework for a deal to be made.

There would be no immediate salary rollback for players, but they would still have to pay into an escrow fund. The league included a deferred-compensation element to pay them any lost value of their contracts. Transitional mechanisms would be in place for the first year allowing teams to spend to a cap of $70 million.

Previous Page|1||

Comments


Reader Poll

Were you impacted by last week's flooding?

Yes, but only inconvenienced by closed streets
Yes, water got close, but everything worked out OK
Yes, I had to evacuate my home or workplace
Yes, my house sustained extensive damage
No, I managed to avoid it all