Today's proposal from the owners to the players is leaking out. It appears to be a 50:50 split on revenue which is considerable movement from the first proposal. It's a six-year collective-bargaining proposal that would phase in a reduction of their share of league revenues from 57% to a 50-50 split by the fourth year. That has the owners moving half way between the current split (57%) and the split in the owner's first proposal (43%). Will it be enough?
According to details provided to USA TODAY Sports, the plan calls for fixed dollars in the first three seasons that would put players share of revenue at 51.6% in 2012-13, 50.5% in 2013-14 and 49.6% in 2014-15. In the final three years, the players and owners would split revenue 50-50.
The initial NHL proposal had called for an immediate cut of players' share of revenues to 43%.
According to the NHL's calculations, under its proposal, players would receive an 11% decrease in the first year, an 8.5% decrease in the second and a 5.5% decrease in the third.
The NHL proposal calls for a fixed salary cap of $58 million next season and then caps of $60 million and $62 million. Under the plan, the league projected a fourth-year salary cap of $64.2 million, a fifth year at $67.6 million and the final season's cap of $71.1 million.
Last season's salary cap was $64.3 million and the cap was projected to rise to $70.2 million in 2012-13.
The NHL is not asking for any rollback in current contracts, suggesting that the adjustment could be made through changes in contracting practices, increases in league-wide revenue and contributions to player escrow.
Players, as a rule, dislike the NHL's current escrow practice. They have a percentage of money taken out of their paychecks to ensure that players as a group receive no more than their collectively bargained share of revenue.
Although the league has proposed a fix-dollar amount for the first three years, the league's proposal includes a provision for players to receive more if revenue growth exceeds 10%.
No comments:
Post a Comment