Originally posted on The Majors Detroit  |  Last updated 1/8/13
Red Wings fans rejoice! HOCKEYTOWN is open for business! After a 113 day labor dispute that locked out hockey for Red Wing and NHL fans alike the sport returns to the motor city. This news also comes in light of plans revealed a month ago on the possible new home for the Detroit Red Wings which could certainly attract a new and even broader fan base. But first lets take a look at the details on the new CBA: 10 year deal in which players or owners can opt out after 8 years. 2 buyout clauses for teams. $70.2 million dollar cap this year, then down to $64.3 million in 2013-14 and it will not fall below that. The cap floor is $44 million. 7 year max on player deals with an 8 year deal possible if a player stays with the current team. 50/50 split on shared revenue. So with the business end out of the way I ask fans to please forgive the Detroit Red Wings for this latest setback in your time and quest for NHL hockey. Wings owner Mike Ilitch and the people of the Joe Louis Arena did not cause
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