In addition to the NHL offering the players a 50-50 split of hockey-related revenue in the league’s latest CBA proposal, here are some other details of the offer, via Sportsnet’s John Shannon:
Contract Lengths would be 5 years.
— John Shannon (@JShannonhl) October 16, 2012
In the last CBA, players were allowed to sign so-called “lifetime” contracts. Ilya Kovalchuk, for example, was given a 15-year deal by the Devils. Also of note, five years is the maximum contract length under the NBA’s new CBA.
Free Agency would be at 28 and 8 years of service.
— John Shannon (@JShannonhl) October 16, 2012
Free agency previously started at 27 and seven, respectively.
Entry Level Contracts would be 4 years in Length
— John Shannon (@JShannonhl) October 16, 2012
In the last CBA, ELC’s were three years.
Correction:
In my haste,may have noted 4 years for entry level. Told that I am wrong with that number..it appears to be remaining at 3 years
— John Shannon (@JShannonhl) October 16, 2012
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Revenue sharing would be at or near 200 million dollars
— John Shannon (@JShannonhl) October 16, 2012
Previous estimates had total revenue sharing between large-market and small-market teams around $150 million.
Arbitration would still exist
— John Shannon (@JShannonhl) October 16, 2012
Owners would prefer no arbitration.
Another interesting tidbit from NHL offer... Players' Salaries for those NHLers playing in the AHL would be part of the cap.
— John Shannon (@JShannonhl) October 16, 2012
If accepted, will be known as the “Wade Redden rule.”