After months of being locked out, a tentative agreement was reached on Sunday between the players’ union and the NHL to end the 112 day lockout.
Here are the new CBA details via The Canadian Press:
The CBA will run for 10 years, with an option to terminate the deal after eight
Players receive defined benefit pension plan
Owners and players split revenue 50-50 each season
A pro-rated salary cap of $70.2-million for this season; cap of $64.3-million next year
The salary floor will be set at $44 million for both years.
Seven-year limit on free-agent contracts (eight-year limit when a team signs its own player to an extension).
Teams can only walk away from a player in salary arbitration who is awarded at least $3.5 million.
Each team will be given the option of two “amnesty buyouts” that can be used to terminate contracts before the next two seasons
Revenue sharing between teams increased to $200 million annually
Any player on a one-way contract who plays in the AHL ...