The National Hockey League wants the public to know what it is offering the players in its latest proposal, publishing it in full on the league’s website on Wednesday morning.
The offer presented to the NHLPA on Tuesday is a six-year deal, with a mutual option for a seventh, and includes a 50-50 split in revenue and would see a full 82-game schedule starting on Nov. 2. For the season to start on Nov. 2, a new CBA would need to be signed by Oct. 25 with training camps opening the next day.
If the NHL sticks to its original schedule (adding games lost to the lockout on available dates), the Canadiens would be off on Nov. 2 and open the season Nov. 3 in Vancouver before returning home to face the Phoenix Coyotes on Nov. 6. You can see the Canadiens’ original November schedule by clicking here.
The NHLPA is expected to respond to the NHL’s offer on Thursday in Toronto.
The Canadian Press offered some other highlights from the offer, including:
— an official salary cap of $59.9 million for the 2012-13 season, with the provision that teams can actually spend up to $70.2 million for one year to ease the transition.
— a new rule that would allow teams to retain a portion of a player’s salary in trades.
— the reduction of entry-level contracts to two years.
— a term limit on any contract beyond that set at five years and a stipulation that the average annual value can only vary up to five per cent. This is a mechanism designed to eliminate the long-term, back-diving deals that became popular during the previous CBA.
— the elimination of re-entry waivers.
— an annual revenue-sharing pool of $200 million, half of which is raised from the 10 richest teams, and the creation of a committee to determine how the money is distributed. The NHLPA would be given representation on the committee.
— the introduction of a “neutral” third-party arbitrator to handle appeals on supplemental discipline with a “clearly erroneous” standard of review.
You can read more by clicking here.
You can read the entire NHL offer by clicking here.
The Gazette’s Pat Hickey believes the players would be crazy to turn down the NHL offer. You can read his column by clicking here.
Sean Fitz-Gerald of the National Post writes about a veteran negotiator saying the NHL public release of the offer sends an aggressive message to the union. Read that column by clicking here.
TSN’s Bob McKenzie writes that the NHL proposal wasn’t met with great enthusiasm by the NHLPA. You can read that story by clicking here.
Pierre LeBrun writes on ESPN.com that the NHL season hangs on the union’s response. You can read his blog by clicking here.
And in Todd Denault’s new book, A Season in Time, looking back on the 1992-93 season when the Canadiens won their last Stanley Cup, he notes that the rookie contract signed by Eric Lindros before that season paved the way for the NHL’s skyrocketing salaries. Read more on that by clicking here.
(Photo by Dave Sandford/Getty Images)