Hockey News! We Got New CBA Details

Here’s a summary of key points in the CBA MOU between NHL and NHLPA that is going through ratification process this week. Much of this info has been previously reported. Nevertheless, here’s the latest information that players and owners will be voting on:

— Bob McKenzie (@TSNBobMcKenzie) July 8, 2020

Good news: hockey update. Bad news: A lot of it is about economics.

I posted a blog like 20 minutes ago about how we’re about to have 6 hockey games a day but now we got some new CBA details. First of all: We might have the Olympics back in 2022 and 2026 – fuck yeah. Escrow will decrease over the next few years. The escrow part confuses me so I’ll give you the info straight from the horse’s mouth – the horse being Bob McKenzie.

NHL players will return to Winter Olympics in 2022 and 2026 , subject to reaching agreement with IIHF/IOC.

— Bob McKenzie (@TSNBobMcKenzie) July 8, 2020

Salary cap will remain flat at $81.5M for 20-21 season and will grow incrementally as revenues recover. Once the escrow debt is repaid, the cap will be determined by using the “Lag Forumla,” which was discussed with players in the fall tour meetings.

— Bob McKenzie (@TSNBobMcKenzie) July 8, 2020

Due to the late TBD start of the 20-21 season, players will receive ONE 20-21 pay check in the fall.

— Bob McKenzie (@TSNBobMcKenzie) July 8, 2020

Term of CBA is a four-year extension, through the 25-26 season. If after 24-25 season there is still escrow debt over $125M but less than $250M, the CBA automatically extends for one additional year (26-27) with a 9 per cent escrow cap and salary cap same as in 25-26.

— Bob McKenzie (@TSNBobMcKenzie) July 8, 2020

As I said, the public school system failed me because I don’t know shit about economics or even what escrow is. I know it protects the owner’s investment in the team and players have to pay it back. There is a joke in Friends about it- that’s about all I’ve ever known. It sounds like a french crow.

Anyway-

Toronto and Edmonton are for sure going to be hub cities. As we heard before, the families of teams in the Conference finals and Stanley Cup finals will be able to go to the team – family of club staff will not. The location of both finals is TBD but the Stanley Cup final will be around September 20th to October 2nd. The tentative draft date will be October 6th. Right after that, Free Agency (wonderful stress) and the next season will start before we know it.

Tentative dates listed in #NHL and #NHLPA Memorandum of Understanding:

🔔Later of Oct. 9 or 7 days after Cup Final ends is opening of #FreeAgentFrenzy

🔔 Nov. 17: Opening of training camps for 2020-21

🔔 Dec. 1: Opening of 2020-21 regular season

All subject to change.

— Frank Seravalli (@frank_seravalli) July 8, 2020

We’ll see entry-level contracts go up in maximums and the league’s minimum salary will go up between now and the end of this CBA in 2026.

If the league/PA kept the 10% max rule from the previous CBA, and based on these numbers, we’re assuming that the Entry Level Signing Bonuses in each of these seasons will also go up.

2022-23: $95,000
2023-24: $95,000
2024-25: $97,500
2025-26: $97,500
2026-27: $100,000 https://t.co/7ZwpopdPPQ

— CapFriendly (@CapFriendly) July 8, 2020

Changes to #NHL minimum salaries:
2020-21: $700,000
2021-22: $750,000
2022-23: $750,000
2023-24: $775,000
2024-25: $775,000
2025-26: $775,000

— Frank Seravalli (@frank_seravalli) July 8, 2020

Some of this info we knew but some we haven’t heard yet. It just solidifies the seasons that is on the way. There is much more to be ironed out so keep it here for updates! But if the NHL could not announce these when I’m trying to eat, I’d appreciate that.

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