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 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 Los Angeles Kings lost one of their most veteran defensemen on Tuesday, as the club announced Matt Greene would be out indefinitely following shoulder surgery.
Greene, 32, had only appeared in three games this season, missing extensive time with the ailment. He had recently resumed skating with teammates and looked to be on the way back to a return, but never got to the point where he was participating in drills, or taking contact.
If Greene misses extensive time, L.A. could be in the market for a defenseman come trade deadline day, like they were last year before acquiring Andrej Sekera from Carolina. Greene is one of the most playoff-tested players on the L.A. roster, with 79 games and two Stanley Cups on his resume (and another Stanley Cup Final, with Edmonton in 2006).
Looks like the Canucks will have an interesting lineup tonight
But hold on, that doesn’t necessarily mean Pedan will make his NHL debut tonight. This morning, the Canucks announced they’d called up d-man Alex Biega from AHL Utica. Theoretically, inserting Biega could allow the offensively inclined Yannick Weber to move up to forward. Biega and Weber both shoot right. Pedan shoots left.
But wait, there exists another possibility — that both Pedan and Biega could play. That will depend on Chris Tanev‘s status. He got banged up yesterday as well, though he was able to skate this morning.
Weber likely to skate as a forward tonight. Biega may play instead of Pedan. If Tanev can't go, both will play. #Canucks