Finally let all the fun begin.
The National Hockey League and the National Hockey League Players’ Association today signed a Memorandum of Understanding reflecting the terms of a new, 10-year Collective Bargaining Agreement. Team training camps will open on Sunday, and a 720-game regular-season schedule (48 games per team) will begin on Saturday, January 19.
The new Agreement, the longest in League history, also features a new defined benefit pension plan for the Players; enhanced revenue sharing among the Clubs; creation of a Revenue Sharing Oversight Committee, on which the Union will participate; creation of an Industry Growth Fund, designed to make long-term improvements in the revenue-generating potential of low-grossing Clubs; the ability of Clubs to retain a certain amount of salary in Player trades; a Player playoff prize pool that doubles in size to $13 million in Year 1, rising to $17 million for 2020/21 and 2021/22, and the creation of an Owner-Player Relations Committee – one of several joint initiatives not present in the previous Agreement. The Owner-Player Relations Committee will meet at least twice a year to discuss matters of mutual interest and to consult regularly on how best to continue to grow the game for the mutual benefit of the parties and the fans.
Edited by drumnj, 12 January 2013 - 10:49 PM.