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Asher
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Calgary, Alberta
Nov 1999
time: 22:35
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http://www.ctv.ca/servlet/ArticleNe...?hub=TopStories
quote:
NHL, players agree on salary cap, Globe reports
CTV.ca News Staff
The National Hockey League and its players may be one step closer to ending their disagreement, with word they have found common ground on a salary-cap system.
According to a report published on the Globe and Mail website Wednesday night, the NHL and its players' union have agreed to a team-by-team salary floor and cap, based on a percentage of each team's revenue.
Since before the 2004-05 hockey season was officially cancelled in mid-February, the salary cap has stood as the stickiest of the negotiating issues.
Claiming skyrocketing salaries were pushing them towards insolvency, team owners argued that a cap would be the only way to ensure the league was profitable. Players, on the other hand, dismissed the idea of arbitrary caps on their earning potential.
When negotiations fell through earlier this year, the total team salaries owners and players were willing to live with stood at approximately $42.5 million US and $49 million US, respectively.
Under the new reportedly 6-year plan, the Globe reports total team salaries would be capped in the range of $34- to $36 million US, with a floor of $22- to $24-million.
There is also provision for a dollar-for-dollar luxury tax that kicks in when team payrolls exceeds the midway point between the league average floor and cap.
Although the agreement represents a breakthrough -- considering the two sides have been at odds since the players were locked out last September -- there are a number of deal-breaking issues left to sort through, including qualifying contract offers, salary arbitration and free agency.
Nevertheless, an unnamed source told the Globe there is a chance the two sides could come to terms on a new collective bargaining agreement before July.
Neither the league's chief negotiator, NHL vice-president Bill Daly, or his NHLPA counterpart, senior director of business affairs Ted Saskin, have yet confirmed or denied the report. |
ooooooooooo
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Kontiki
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Canada
Aug 2001
time: 00:35
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Most of the recent reports and discussion I have seen indicate the players have been tools, and I'm inclined to agree. I still blame the owners for getting the league into the mess in the first place, but it's looking more and more like the players are to blame for the strike itself.
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Kontiki
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Canada
Aug 2001
time: 00:35
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Meh, same deal.
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asleepathewheel
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listening too long to one song
Mar 2002
time: 00:35
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:zzzz:
I hope when it does come back some of the old ****ers are retired.
I'm looking at you Brett Hull, Steve Yzerman, and Chris Chelios
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Tingkai
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To find the Northwest Passage
Aug 2001
time: 13:35
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Interesting point by David Shoalts at the Globe. The new deal could salaries so low that NHL will lose young stars to Europe.
" it looks like the clock will be set back 10 years for entry-level salaries, to $850,000, what they were when they were introduced in the previous agreement. The owners are demanding that total salary and bonuses be limited to a total of $1.2-million a year, while the union has offered a total cap of $1.7-million.
"Under the old deal, entry-level players were limited to $1.3-million in salary and signing bonuses, but some, including Kovalchuk, Dany Heatley, Rick Nash and Joe Thornton, had the opportunity to make millions more in performance bonuses.
"Those bonuses will probably be eliminated, and could convince some European prospects to stay home rather than join the NHL, thus depriving the league of talent as it tries to rebuild after missing a season.
http://www.theglobeandmail.com/serv...BNStory/Sports/
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Tingkai
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To find the Northwest Passage
Aug 2001
time: 13:35
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quote:
Originally posted by pchang
People get whatever the market is willing to bear regardless of 3rd party definitions of it being just or deserved.
Question:
How much is it worth?
Answer:
Whatever someone else is willing to pay. |
Unless someone rigs the game with salary caps.
The players deserved the money they were earning because they have rare talents, the owners were willing to pay the salaries and people pay money to see the players, not the owners.
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All times are GMT. The time now is 05:35.
Apolyton Time is 00:35. |
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09-06-2005 04:59
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