Report: “Make Whole” to be discussed today

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CBA negotiations between the NHL and NHLPA are expected to resume sometime later this afternoon in New York, with the focus of the discussions reportedly on the so-called “make whole” provision.

The “make whole” provision was first introduced in mid-October when the league made its 50-50 offer to the union. It was intended to satisfy the players’ demands that all current contracts be paid out in full under a new CBA.

The NHL explained it this way:

The League proposes to make Players “whole” for the absolute reduction in Players’ Share dollars (when compared to 2011/12) that is attributable to the economic terms of the new CBA (the “Share Reduction”). Using an assumed year-over-year growth rate of 5% for League-wide revenues, the new CBA could result in shortfalls from the current level of Players’ Share dollars ($1.883 Billion in 2011/12) of up to $149 million in Year 1 and up to $62 million in Year 2, for which Players will be “made whole.” (By Year 3 of the new CBA, Players’ Share dollars should exceed the current level ($1.883 Billion for 2011/12) and no “make whole” will be required.) Any such “shortfalls” in Years 1 and 2 of the new CBA will be computed as a percentage reduction off of the Player’s stated contractual compensation, and will be repaid to the Player as a Deferred Compensation benefit spread over the remaining future years of the Player’s SPC (or if he has no remaining years, in the year following the expiration of his SPC). Player reimbursement for the Share Reduction will be accrued and paid for by the League, and will be chargeable against Players’ Share amounts in future years as Preliminary Benefits. The objective would be to honor all existing SPCs by restoring their “value” on the basis of the now existing level of Players’ Share dollars.

The problem the players had with the proposal is that future reimbursement was to be chargeable against the players’ share of revenue, meaning players would essentially be paying players to make it work.

Last week, however, it was reported that the league was willing to absorb some or all of the reimbursement. Which brings us to today, when the NHL will presumably explain its plan to the NHLPA.

The Globe and Mail’s James Mirtle has a good breakdown of the “make whole” provision, if you’re a big fan of math.

WATCH LIVE: Pittsburgh Penguins at Ottawa Senators – Game 6

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Last night, the Nashville Predators demoralized the Ducks and advanced to their first-ever Stanley Cup Final. Will we learn their opponent tonight or on Thursday?

That’s up to how the Pittsburgh Penguins and Ottawa Senators perform in Game 6 of the Eastern Conference Final.

Will Sidney Crosby and the Penguins follow that 7-0 rout with a close-out performance, or will Erik Karlsson and the Senators avenge that embarrassing loss to send this series to a decisive Game 7?

Find out on NBCSN at tonight. You can also watch the game online and via the NBC Sports App.

Here’s what you need to know:

Pittsburgh Penguins vs. Ottawa Senators (Pens lead 3-2)

Time: 8:00 p.m. ET

Network: NBCSN (Stream online here)

Check out the highlights from Pittsburgh’s 7-0 win in Game 5

Related:

Pens redefining defense by committee

Four things the Pens need to do to eliminate the Sens

Swedish League champ sees another sign in NHL

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It’s an offseason of change for SHL champion HV71.

In the days following the league title, HV71 saw No. 1 goalie Linus Soderstrom sign his ELC with the Isles and d-man Andreas Borgman — the league’s rookie of the year — ink with the Leafs.

Earlier today, HV71 winger Filip Sandberg signed a two-year deal with San Jose. Shortly after that, Columbus announced it inked Sandberg’s running mate up front, Kevin Stenlund, to a three-year, entry-level deal.

Stenlund, 20, was the Blue Jackets’ second-round pick (58th overall) at the 2015 draft. He’s coming off a good year, setting career highs in goals, assists, points and games played during the regular season, then adding 10 points in 16 playoff appearances.

And he might have a chance to build on that campaign.

Per the Dispatch, the Blue Jackets expect Stenlund to play next year in Sweden, rather than try to make the move overseas. It’s possible the Isles could make the same decision with Soderstrom — meaning it’s not all bad for HV71.

 

Oilers re-sign Pakarinen for one year

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The Edmonton Oilers have given winger Iiro Pakarinen a one-year contract extension.

From the release:

Pakarinen just finished his third season with the Oilers organization, appearing in 14 regular season games in 2016-17, posting four points (2 goals, 2 assists).  The 25 year old forward missed 53 games due to an injury suffered during the pre-season. He appeared in one playoff game against the San Jose Sharks.

The Oilers brought Pakarinen over from Finland in 2014. Since then, he’s split his North American career between the AHL and NHL while drawing praise for his versatility and hard-nosed style.

Per CapFriendly, Pakarinen’s cap hit will be $750,000 in 2017-18. It’s a one-way deal.

Market heating up for prized Czech d-man Rutta

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Coming off an impressive performance for the Czech Republic at the World Hockey Championship, Jan Rutta is now being courted by a number of NHL clubs.

Per The Athletic, the Blackhawks are in contention for securing Rutta’s services. That comes on the heels of earlier reports from TSN’s Darren Dreger, who said there are “multiple” offers for the 26-year-old, including ones from Edmonton and Calgary.

“He’s a steady defenseman with size, and he had a strong finish of the season,” an NHL scout told The Athletic. “He was very good in the playoffs and played his best at the Worlds.”

Rutta, who was never drafted by an NHL club, has spent his professional career with Czech League outfit Pirati Chomutov. He’s blossomed into a talented offensive defenseman — finishing second among Czech League d-men with 32 points in 46 games this year — and, as mentioned above, has good size at 6-foot-3, 200 pounds.

Last week, Rutta’s agent — longtime Octagon Hockey representative Allan Walsh — tweeted that his client would make a decision on NHL offers soon.