2:28 PM:
- John Shannon via twitter: Entry level contracts are for 3 years and not for 4 years that was reported earlier.
- Dan Rosen via twitter: To get in an 82 game schedual, 1 extra game every 5 weeks per team would be needed.
- Darren Dreger via twitter: Final details of NHL’s offer were fine tuned over the weekend. NHL worked on it for several days.
- John Shannon via twitter: Part of the NHL’s offer, salaries for NHLers playing in the AHL would count against the cap.
2:08 PM:
Posting in order as they came in.
- David Alter via twitter: The NHL made an offer to the NHLPA. 82 game schedual starting November 2nd.
- David Pagnotta via twitter: Bettman said a 50/50 share of HRR. Bettman, “We had a number of significant elements that we believe can and will” results in a deal.
- Dan Rosen via twitter: Bettman said their is no rollback of salaries.
- Craig Custance via twitter: Players will be very concerned as to how their escrow will work, especially early on.
- Chris Botta via twitter: Doubtful that the NHLPA accepts the offer, but should prompt a counter-offer.
- Down Goes Brown via twitter: “Could you get down to 50/50 without rollback if you a one-time window for cheaper buyouts? “
- Pierre LeBrun via twitter: 50/50 split would begin year 1, no phasing in.
- Pierre LeBrun via twitter: NHL offer contains a proposal designed to “protect” player salary reductions in the opening years.
- David Pagnotta via twitter: Source said NHL proposal based on current HRR definitions.
- Elliotte Friedman via twitter: Some player contract issues included in NHL offer.
- Darren Dreger via twitter: NHLPA conference call at 5 PM.
- Darren Dreger via twitter: “NHL intends on calculating lost salary in getting to 50-50 and will pay the players back over time. The payback to the players would occur over the balance of their contracts. “
- Renaud Lavoie via twitter: Don Fehr, “its not a short offer and we need to read it and understand it. Then we’ll get back with the NHL today or Wednesday.”
- Bob McKenzie via twitter: “My guess, and only that, is it will be simlarly structured to NHLPA’s first offer, where one side gets greater share of growth in Year 2, 3. Playing with
#s is difficult because we don’t know how much damage to HRR may have been done, but here are some general guidelines… It starts as a $3.3B pie, factor in growth, let’s use 5 per cent, to make the total projected pie availabe to NHL-NHLPA at $3.465B. 50 per cent of that is $1.7325B. Players salaries committed for this season expected (by both sides) to be about $1.95B, give or take $25M. Without any “protection” or pay-back plan, that would require first-year discounting of all NHL players contacts at shade over 11 per cent. It’s also a little dangerous to “project” financial numbers like I did because growth could be volatile but ballparking has to do for now.”
- Elliotte Friedman via twitter: “I’d expect the key thing for players to discuss is what sounds like an NHL offer to “return” whatever is lost on their salaries this season.”
- David Pagnotta via twitter: Offer was for at least 6 years.
- John Shannon via twitter: Free agency would be 28 and 8 years of service. 4 year entry level contracts. Revenue sharing would around $200 million. Contract lengths would be 5 years. Arbitration remains. Only core issue that remains from previous offers is the contract length on new deals.