NHL Collective Bargaining Agreement
August 27, 2012 by Max MacKenzie
Comments (2)
After following the discussions between the NHL and the Players Association, I believe the core issue is an owners issue. They want revenue sharing but they want it to come from the players only. The owners also continue to sign players to contracts over 5 years long while at the same time stating that they want a limited of 5 years on player contracts. Seems like the owners want to protect themselves against themselves.
Just found this tidbit on CNN: "With league revenues topping $3 billion annually, each percentage point is worth more than $30 million. For example, if the players' share dropped from 57% to 55%, it would mean more than $60 million of lost wages. That would be an average loss of about $85,000 a player. The minimum NHL salary is $525,000 and the average salary tops $2 million."
And the owners are asking the players to drop from 57% to 46%... That is a more than $300 million haircut!
Looks like a lockout to me...
Ron Andruff 4617 days ago
Ron Andruff
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Funny you should post on the NHL CBA just now, I was wondering what had become of those discussions because I haven't seen much in the media... I'd like to know just how that revenue-sharing thing works when it comes from the players!
Does that mean the Sundin twins share their $40 million contracts with the owners..?!
Ron Andruff 4617 days ago