Salary Cap up/down
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Salary Cap up/down
Just was watching 5 minutes on NHL network TV, the 3 hosts were discussing salary cap, said something about the players getting sick of the escrow (roughly 15% of their contract salary is held in escrow until the end of the year figures are released or something ike that) and using their escalator clause which would limit the salary cap to 69 million (but I think would remove the escrow deal), which is not the 73 million discussed by Bettman earlier this year.
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Salary Cap up/down
Escrow is paid into regardless.
Cap will probably sit at around $69 or $70 million if no 5% escalator is used. No escalator, less lost to escrow, more money per paycheck. Potentially unhappy camper: Steven Stamkos.
Cap will probably sit at around $69 or $70 million if no 5% escalator is used. No escalator, less lost to escrow, more money per paycheck. Potentially unhappy camper: Steven Stamkos.
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Salary Cap up/down
Here's a link to one of the articles I read last week about the situation: http://thehockeywriters.com/nhl-salary-cap-fall/
Salary Cap up/down
It seems very odd that the union would push for a scenario, which results in a lower cap.
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Salary Cap up/down
Yeah, I don't see them allowing that to happen.
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Salary Cap up/down
From this morning:
https://twitter.com/mirtle/status/743482864004661248
https://twitter.com/mirtle/status/743482864004661248
James Mirtle Verified account @mirtle
Sounds like the NHL will release the 2016-17 salary cap figure by middle of next week. Talk is around ~$73-million. Inflator not final yet.
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Salary Cap up/down
Yeah but from the players perspective - if the cap goes up more of their paycheck goes into the escrow. More money in their pocket at cap of 69 mil versus 73 mil with escrow. Not sure if that's right, but that's what I gather is the thinking behind that. In that scenario Stamkos is getting screwed because this is the year he's got UFA status, and if the cap stays at 69, well yeah.. .that sucks for him.Yeah, I don't see them allowing that to happen.
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Salary Cap up/down
https://twitter.com/renlavoietva/status ... 9144054784
Renaud Lavoie @renlavoietva
NHLPA will agree to exercise the escalator clause (5%) but wants to make sure everybody's on board before making it official.
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Salary Cap up/down
The salary cap has been set: Floor - $54m, Ceiling: $73m. Source.
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