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NHL, NHLPA agree to tentative CBA to end lockout

Rejoice.

Yay!

Update 1pm: More details are coming in. Check the bolded bullets after the jump.

Update 11:15am: The deal still includes amnesty buyouts. Each team will be allowed two amnesty buyouts. These buyouts can be used before the start of the 2013-2014 or 2014-2015 seasons. There will be no buyouts prior to this season starting. Yes, that means Wade Redden is on the cap this year. This does not negatively affect the Rangers.

Original Post: It finally happened. After months of a pointless lockout that only proved that the fans are the ones that are left in the cold, the owners and players ended this silly argument at 5am this morning. The key word here is “tentative”, but the fact that they are just drawing up the paperwork is a sign of the end. Over the duration of this lockout, we heard about several sticking points that turned out to not be sticking points at all.

The game is back, and perhaps the most important aspect of this is that there will be labor peace for at least ten years, assuming no opt-out is taken. Mediator Scot Beckenbaugh should be lauded as a hero among hockey fans. His first go-round with mediation wasn’t met with much success, but this time around he got significant movement from both sides and was able to play a major role in getting a deal done.

After the jump, we bulleted the major points from the agreement (bolded bullets are updates from original post). Rejoice folks. We have hockey.

  • 50/50 split of HRR.
  • Soft landing to the 50/50 split. The cap will remain a pro-rated $70.2 million this year, and $64.3 million next year. The owners initially wanted an immediate drop. The $64.3 million cap in Year Two is a big win for large markets, especially the Rangers.
  • Salary cap floor will be $44 million.
  • Player contract length caps out at seven years, eight years if you are re-signing your own player.
  • No more than a 35% variance on dollar amount from year-to-year on contracts. However, no one year can be more than 50% of the highest year on the contract. For example, a seven-year deal can look like this: $10 million, $7.5 million, and $5.185 million, and $5 million for the remainder of the deal. That $5 million is the lowest the contract can go.
  • Salary arbitration remains the same, but teams can no longer walk away from a ruling unless the award is north of $3.5 million. If that clause were in place during the last CBA, the Rangers would not have been able to walk away from the Nik Zherdev deal.
  • Revenue sharing sits at $200 million with a $60 million “growth fund” set aside. Still pending details on what the growth fund is.
  • Realignment will not happen this season.
  • This is a ten year CBA, with an opt-out after eight years.
  • Minimum salary is $525,000 this year, and will climb each year until it reaches $750,000 in the last year.
  • Players on one-way contracts with a salary in excess of the current minimum plus $375,000 will have the entire salary count against the cap.

The deal still needs to be ratified by the owners and the players, hence “tentative.” Hockey is back.

28 Responses to “NHL, NHLPA agree to tentative CBA to end lockout”

  1. Sally says:

    When do we get the “free” Center Ice?

  2. Walt says:

    And all of this couldn’t have been worked out sooner?

    Thank goodness that level head prevailed, not the scum bags like Jacobs, and Buttman, what pr*cks!!!!!

    There is no mention of any buy outs, don’t tell me we can’t get rid of Redden.

    Just wondering what the owner of the Wild thinks now, he was a main force in trying to roll back contracts, that after signing Parisi, and Suter. Another pr*ck, in the Jacobs, and Buttman mold!

    The next thing the NHLPA has to work on is getting rid of that sawed off piece of crap Buttman. He is , was, and always will be a cancer!!!!!

  3. becky says:

    THANK GOD

  4. Leatherneckinlv says:

    About time, How I think we will see our Rangers as a prepared team which should favor us. Hopefully all the players are ready and Sauer will report to the team even if he is not ready yet. This team has a great look and a feel to it to win it all. Let’s go Rangers

  5. rob sahm says:

    now its time to get back to buisness and bring the cup home lets go rangers

  6. Matt says:

    Am I happy? Yes. Will I watch? Yes.

    But…I think there has to be something done by the fans…and I know there won’t be.

    Everyone wear green to the first home game as a symbol of the greed? Something along those lines.

    The reaction on twitter while happy (as it should be) was too loyal. Like a dog that’s been beaten by it’s owner, but still coming back.

    What would it take for you to write off the NHL? Another season? A 3rd lost season? What?

    I know it’s something will all love, but fool me once, shame on you…fool me twice, shame on me.

  7. Spozo says:

    Do we have any idea when the season will start? The only mention of a date I have seen is training camps will start on Wednesday? What about games?

  8. rickyrants13 says:

    So whats changed THE NHL is still a joke. Run by morons. And if you go back to watch the games.We will still go thru this in a few years all over again. I refuse to be a part of that. We must demand that the NHL owners fire Gary Bettman.

    • The Suit says:

      Bettman only needs 8 votes from the owners to secure his job, which I’m sure he has. Unfortunately, we’re stuck with him. The best thing now is to move past the CBA shit and focus on the Rangers.

  9. rickyrants13 says:

    Thats the cowards way out. We need to go after Bettman NO ONE can keep his job when the fans dont go to the games and you as a blog writer can help see that that happens. I dont intend on being a part of them ruining the sport unpunished. We as fans need to do something about this. And we should have back in Sept.

    • The Suit says:

      So you won’t be watching the Rangers this season? Bummer. You will be missed around here bud.

  10. rickyrants13 says:

    I will be watching I just wont be spending My money on them or the NHL at all Untill Gary Bettman is gone. Are you gonna just sit there and tell Me that your happy with all of this? Are you gonna tell Me that you wouldnt like something done that will help make sure this doesnt happen again?

    • Steve says:

      i see your point but unless someone actually started some sort of campaign or fan protest, there’s not much that can be done.

      Like you said, one way to protest is to not spend money on the NHL but if i somehow get my hands on some NYR tickets you bet your ass ill be there. I support the Rangers, not Bettman.

      • The Suit says:

        Agreed. In my opinion the Rangers ownership didn’t want a lockout and weren’t on the negotiating committee, so I don’t feel they should be penalized for something they didn’t want in the first place. But that’s just how I feel and I don’t expect others to feel the same way.

        If people want to keep their money in their pockets this season and punish the NHL, they’re certainly inclined to do so. I won’t judge. Though, I expect to not be judged either.

  11. rickyrants13 says:

    Im not judging anyone its your money. I just though it would be nice if you used this blog to do something REAL for the sport Thats all.

    • Dave says:

      Excuse me?

      • The Suit says:

        What he meant to say was, you’re a coward, or god, or who the hell knows…

    • Vince R. says:

      Ricky, anyone can start a blog…if you feel this way you can do something about it. Why is it BSB’s responsibility? That’s passing the buck man.

  12. rickyrants13 says:

    Why?? because you allready have a following thats why.

    • Vince Rosalia says:

      I am not BSB, just making a point. And while BSB is a successful blog, they are not going to (outside of a completely fantasy world) be able to rally any substantial amount of people to rally for a major protest that would cause arena’s to be empty unless 23 or more teams vote to be rid of Bettman, who serves at the pleasure of the *owners*. In other words, he’s an a-hole, but he doesn’t do what he does unilaterally. The owners would just replace him with another bad guy to stand in effigy for their bidding.

      If they used the site to write about protests, the only outcome would be a loss of readership.

  13. rickyrants13 says:

    Listen you can do what you want. I just thought you like I would be sick of this by now. I cant believe that you are all willing to just sit back and let them get away with this again. Knowing full well if Bettman is allowed to stay that it will only happen again

    • Dave says:

      We write about what we want to write about. None of us were interested in a boycott. End of story.