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Monday, 7 January 2013

NHL Lockout ; Better Than Never !







THE HOCKEY LOCKOUT IS OVER LETS PLAY THE GAME!



NHL is Back, but will hockey Fans leave the game? 
Will Hockey fans Forgive?




PART 1 VIDEO OF BRINGING BACK OUR NATIONAL PRIDE
HOCKEY


https://www.youtube.com/watch?v=0ZOdWRXuBl4
highlights of some raction on CJAD 800 Radio when I was driving and heard the news!











Will Hockey fans Forgive?
drop a line 
I was so happy to hear that hockey is back , yes I will forgive 



The main highlights from the deal, according to reports so far:




— The CBA will run for 10 years through 2021-22, with an option to terminate the deal after eight years.



— Players receive defined benefit pension plan.

— Owners and players split revenue 50-50 each season, with the players receiving $300 million in deferred "make-whole payments" to ease the transition from previous system.




— A pro-rated salary cap of $70.2-million for the shortened 2012-13 season followed by a salary cap of $64.3-million in 2013-14. The salary floor will be set at $44 million for both years.

Salary Cap
— Seven-year limit on free-agent contracts (eight-year limit when a team signs its own player to an extension).




— A maximum salary variance of 35 per cent from year to year, with no more than a 50 per cent total difference between any two seasons in the contract.

— The minimum salary starts at $525,000 this season and reaches $750,000 for the 10th and final year of the agreement.


— Teams can only walk away from a player in salary arbitration who is awarded at least $3.5 million.













— Each team will be given the option of two "amnesty buyouts" that can be used to terminate contracts prior to the 2013-14 season or 2014-15 season. The buyouts will cost two-thirds of the remaining amount on a deal — paid evenly over twice its remaining length — and will count against the players' overall share in revenues, but not the individual team's salary cap.


— Revenue sharing between teams increased to $200 million annually.



— Any player on a one-way contract who plays in the American Hockey League with a salary in excess of the NHL's minimum salary plus $375,000 will have the excess amount charged against his team's salary cap.


— Unrestricted free agency continues to open on July 1.






— The participation of NHLers in future Olympics has yet to be determined. The decision will be made outside of the CBA.






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