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NHL CBA Calls for Smaller Initial Salary Cap, 50-50 Revenue Split

January 7th, 2013 at 10:32 AM
By Paul Lane Sabres 101

The NHL and its players union agreed on a tentative CBA over the weekend. The deal will allow for either a 48- or 50-game schedule this season, depending on logistics. The deal won't be finalized until Monday night, at the earliest.

''The Weasel'' photo (c) 2011, Matthew Grapengieser - license: http://creativecommons.org/licenses/by-sa/2.0/

Following, according to sources including ESPN and USA Today, are details of the new CBA:

  • The deal is for 10 years, but there's a mutual opt-out after eight years.
  • Revenue will be split 50-50. Players got 57 percent of revenue in the previous CBA, which expired in September.
  • The salary cap for this season will be a prorated share of the $70.2 million cap that would have been in place under the previous deal. Next year, that will drop to $64.3 million (with a floor of $44 million). Teams can give two buyouts prior to 2013-14 to get under the cap. The Buffalo Sabres are at 464.35 million for this season and $49.64 million for 2013-14, with 14 players under contract for next season.
  • A 35 percent year-to-year variance limit was put on multiyear contracts, meaning a player's annual salary can't increase by more or less than 35 percent per year. That prevents contracts such as that of Sabres defenseman Tyler Myers, who was to earn $12 million this season but only $6 million next season. No yearly salary can be less than 50 percent of the highest year on the deal, either.
  • Player contracts can't be longer than seven years (eight years if a team re-signs its own player).
  • All 14 nonplayoff teams will now have a shot at gaining the No. 1 pick in the draft lottery. Previously, only the lowest five teams could get that pick.
  • Free agency will start July 10 this coming June but will remain at July 1 in all future years.
Tags: Buffalo, Buffalo Sabres, Hockey, NHL

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