NHL Lockout OverBREAKING NEWS, Flyers, News, NHL Sunday, January 6th, 2013
It only took 113 days of posturing, but after a final twenty hour stretch of negotiating between the NHL, NHLPA and federal mediator Scott Beckenbauch, the two sides have reached an agreement on a new collective bargaining agreement.
The NHL will return to action either on January 15th (50-game schedule) or January 19 (48-game schedule).
Similarly, training camps will begin as early as Wednesday.
Some of the movement made by the NHL in the final offer included:
- $64.3 million salary cap in 2013-14 (up from previous demands of $60 million)
- Up to two compliance buyouts allowed to help teams reach salary cap before 2013-14 (to be counted against players’ share of hockey related revenue)
- Contract limits of 7 years for unrestricted free agents and 8 years for restricted free agents
- 50/50 revenue split with $300 million “make whole” provisions
- 35% year-to-year variance on contracts with the lowest year not less than 50% of highest.
There will undoubtedly be many who see this news and no longer care. The real damage to the NHL has not been the potential loss of interest from diehard fans, who will likely be back (based on the fact that in all the healthy markets, marginal amounts of season ticket holders have cancelled their orders), but rather the interest of casual fans that are responsible for the growth of the sport.
The Pittsburgh Tribune-Review reported a few days ago that there’s a realistic chance the NHL tries to schedule rivalry games to gain back quick interest in the NHL. For the Pittsburgh Penguins, that means a trip to the Wells Fargo Center.
I will have more on training camp as it develops.
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