"From our standpoint," NHL Commissioner Gary Bettman said Saturday," we believe that it was important to adhere to the fundamentals of our system but at the same time restructure it to moderate the impact on both sides, which is how we in effect dealt with the shortfalls that are occurring or are likely to occur with an attempt to smooth it out. "We've agreed on how the cap will be set for all six years of the collective agreement," NHL Deputy Commissioner Bill Daly said Saturday, "and the inflator that had previously existed in the Collective Bargaining Agreement will not apply subject to the other inflators that we've agreed to as part of our new agreement."Įscrow, a percentage withheld from player salaries and placed in an account that is used to calculate a 50-50 split in HRR between the players and owners per CBA rules, will be capped at 20 percent for the 2020-21 season and go down from there, according to the terms of the extension. The NHLPA ability to artificially inflate the salary cap as high as five percent is eliminated. As an example, the 2023-24 salary cap would be calculated using HRR results from 2021-23. Once HRR reaches $4.8 billion, the cap could increase by $2 million per season and transition to a formula-based calculation for establishing the cap for the 2023-24 season and beyond. The salary cap won't rise more than $1 million until HRR reaches $4.8 billion unless the NHL and NHLPA mutually agree to inflate it in excess of $1 million. The cap will remain at $81.5 million until hockey-related revenue surpasses $3.3 billion for the previous season. The salary cap could grow incrementally following next season provided hockey-related revenues begin to recover from losses created by the impact of the coronavirus, which caused the season to be paused March 12. Among the players eligible to do so are Capitals forward Alex Ovechkin, Bruins goalie Tuukka Rask, Anaheim Ducks center Ryan Getzlaf, and Colorado Avalanche forward Gabriel Landeskog. Players who have a contract that expire after next season will be allowed to sign a contract extensions starting July 13.
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Previously, teams were allowed to speak with and begin to discuss parameters of a contract with pending free agents in the days following the NHL Draft leading up to the opening of the free agent signing period on July 1. The extension eliminates the free agent interview period that was allowed as per the terms of the previous CBA. Louis Blues) and Torey Krug (Boston Bruins), forward Taylor Hall (Arizona Coyotes), and goalies Braden Holtby (Washington Capitals), Robin Lehner (Vegas Golden Knights) and Corey Crawford (Chicago Blackhawks) are among the players who can become unrestricted free agents after this season. 9-10) and Stanley Cup Final are completed.ĭefensemen Alex Pietrangelo (St. The free agency period this offseason will begin after the 2020 NHL Draft (scheduled for Oct.
The Board of Governors and NHLPA also ratified the NHL Return to Play Plan for this season, including training camp beginning Monday and the start of the Stanley Cup Qualifiers on Aug. The CBA will run through the 2025-26 season with an escrow provision that could extend it through the 2026-27 season.
The 2020-21 salary cap, set the same as this season, was part of the four-year extension to the NHL/NHLPA Collective Bargaining Agreement ratified by the Board of Governors and the NHL Players' Association on Friday.
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