Players blink. NHL & NHLPA agree on cap

[link|http://www.theglobeandmail.com/servlet/story/RTGAM.20050608.wnhltalks8HP/BNStory/Front/|http://www.theglobea...HP/BNStory/Front/]

"The National Hockey League and the NHL Players' Association have cleared the biggest hurdle in their labour negotiations by agreeing on a formula for a salary-cap system based on team-by-team revenue, according to separate sources.

In the first year of what is thought to be a six-year deal, based on revenue projections by both sides, the salary cap will range from $34-million to $36-million, with the floor from $22-million to $24-million.

According to the formula, a dollar-for-dollar luxury tax will kick in at the midway point between the floor and the cap. If the floor of the lowest team proves to be $22-million and the cap on the highest team is $36-million next season, then the tax will come into effect at $29-million."

The players badly misplayed this one considering they could have gotten a $38-$42M cap months ago. Add in the fact that the value of the cap is a misnomer since extra players costs beyond salaries are included in the cap. That could amount to $5M resulting in a top cap of $31M for salaries. Still more negotiating to go on other stuff. Hopefully now we'll see some hockey in the fall. HD hockey too! Yeah HD CBC!

Post #210,541 by lister 6/8/05 6:31:36 PM Reply	Players blink. NHL & NHLPA agree on cap [link\|http://www.theglobeandmail.com/servlet/story/RTGAM.20050608.wnhltalks8HP/BNStory/Front/\|http://www.theglobea...HP/BNStory/Front/] "The National Hockey League and the NHL Players' Association have cleared the biggest hurdle in their labour negotiations by agreeing on a formula for a salary-cap system based on team-by-team revenue, according to separate sources. In the first year of what is thought to be a six-year deal, based on revenue projections by both sides, the salary cap will range from $34-million to $36-million, with the floor from $22-million to $24-million. According to the formula, a dollar-for-dollar luxury tax will kick in at the midway point between the floor and the cap. If the floor of the lowest team proves to be $22-million and the cap on the highest team is $36-million next season, then the tax will come into effect at $29-million." The players badly misplayed this one considering they could have gotten a $38-$42M cap months ago. Add in the fact that the value of the cap is a misnomer since extra players costs beyond salaries are included in the cap. That could amount to $5M resulting in a top cap of $31M for salaries. Still more negotiating to go on other stuff. Hopefully now we'll see some hockey in the fall. HD hockey too! Yeah HD CBC! lister
Post #210,543 by boxley 6/8/05 6:36:40 PM Reply	oh yeay, I get to watch the farkin thrashers All tribal myths are true, for a given value of "true" Terry Pratchett [link\|http://boxleys.blogspot.com/\|http://boxleys.blogspot.com/] Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 49 years. meep questions, help? [link\|mailto:pappas@catholic.org\|email pappas at catholic.org]
Post #210,545 by lister 6/8/05 6:42:13 PM Reply	NHL Centre Ice Free (maybe) Apparently it's rumoured that the NHL may offer NHL Centre Ice for free next season. At least the Thrashers have a couple of exciting young talented players, Heatly and Kovalchuk. If the new rules and changes open up the game you could be in for some fantastic hockey down there. I hope the Leafs luck out in the Sydney Crosby draft... lister
Post #210,573 by mmoffitt 6/8/05 11:02:39 PM Reply	"For Free" to whom? The cable/dish operators or the fans? bcnu, Mikem Eine Leute. Eine Welt. Ein F\ufffdhrer. God Bless America.
Post #210,620 by lister 6/9/05 10:39:45 AM Reply	Good question Don't know yet. Will have to dig around some more. I'd think though that if it was given to the cable/sat operators for free that they'd pass that along to the fans. lister
Post #210,628 by mmoffitt 6/9/05 12:01:54 PM Reply	You must have more human cable operators up there ;0) bcnu, Mikem Eine Leute. Eine Welt. Ein F\ufffdhrer. God Bless America.
Post #210,547 by tonytib 6/8/05 7:31:38 PM Reply	NHL, what's that?
Post #210,610 by jbrabeck 6/9/05 9:53:53 AM Reply	No Hitting Lightly Brawling on Ice A good friend will come and bail you out of jail ... but, a true friend will be sitting next to you saying, "Damn...that was fun!"

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