Re: 2012-13 NHL Thread. Fehr Thee Well??
So, it turns out the counteroffer is a waste of time. Basically, the players agree to take what they would have made this year for the next three years, so their share would drop from 57% to whatever depending on how much growth occurs. Then, in year 4, the current CBA would kick back in and they'd go back to 57%.
To be fair, the NHL's initial offer was just as much a waste of time because their was no way that the players were going to accept it.
1.) Entry level contracts at 4 years.
2.) Max contract length at 6 years.
3.) Unrestricted free agency after age of 27 or 7 years of service, whichever occurs second.
4.) Any team can sign restricted free agent to an offer sheet, current team has the option of matching the contract.
5.) A team can sign to a contract one restricted free agent per year plus one for each restricted free agent who leaves without penalty. Contracts with an annual average value of less than 1.5 million do not count towards either limit.
6.) Any free agents signed above the non-penalty allotment incur the following losses
One over allotment: Loss of a 2nd round pick in the next draft to the team who lost the player with the contract with the highest total compensation
Two over allotment: Loss of a 1st and 2nd round picks in the next draft, with the 1st round pick going to team that lost the player with the contract with the highest total compensation and the 2nd round pick going to the team who lost the player with the contract with the next highest total compensation.
Three over allotment: Loss of a 1st and 2nd round picks in the next draft and a 1st round pick in the following draft, with the 1st round pick going to team that lost the player with the contract with the highest total compensation and the 2nd round pick going to the team who lost the player with the contract with the next highest total compensation, the 1st round pick in the following draft is given to the team that finishes lowest in the standings the following year.
Four over allotment: Loss of a 1st and 2nd round picks in the next draft and 1st and 2nd round picks in the following draft, with the 1st round pick going to team that lost the player with the contract with the highest total compensation and the 2nd round pick going to the team who lost the player with the contract with the next highest total compensation, the 1st round pick in the following draft is given to the team that finishes lowest in the standings and the 2nd round pick to the team that finished the next lowest in the following year.
Teams cannot go more than 5 over its allotment and cannot sign any players if they do not have the required picks to forfeit.
7.) Revenue Sharing and the Salary Cap:
All league revenues are placed into a single pool that will be distributed to each team. Each team reports local hockey related revenue (LHRR) to the league from this an average (AvgLHRR) is determined. Any teams who has a LHRR below the league average receives a payout from the league revenue pool (called Revenue Sharing Dispersal: RSD) to bring the teams LHRR up to the average level. The maximum any team can receive in RSD is equal to that teams LHRR. Any funds remaining from league revenue will be distributed to teams on an equal basis, and this will be referred to as the league revenue dispersal (LRD). In this case the salary cap will be set at 60% of the sum of AvgLHRR and LRD. The salary floor will be the larger of either 40% of the sum of AvgLHRR and LRD or the value of RSD.
In the case that the league revenue is insufficient to get all low earning teams to the AvgLHRR, the league revenues will be distributed to get the lower earning teams as close as possible to the AvgLHRR but such that all teams receiving a RSD will have equal Total Hockey Related Revenues (THRR). The salary cap will be set at 50% of AvgLHRR, the salary floor at 50% of THRR.
