We fans can only hope...
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Cobra Member
Joined: July 29, 2004
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From: SoCal
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Good news, hopefully.
Report: NHL, NHLPA agree on salary cap
Toronto, ON (Sports Network) - The National Hockey League and NHL Players' Association have reportedly agreed to a salary-cap system, giving hope that the league's lengthy lockout could be nearing an end.
The Toronto Globe and Mail, citing sources close to the owners and players, revealed Wednesday that the opposing sides have worked out a cap formula that would be based on team-by team revenues.
The implementation of a salary cap has always been a polarizing issue for the two sides and is thought to be the main reason the owners and players couldn't reach an agreement before the 2004-05 season was cancelled.
However, the sources also revealed that this new development does not necessarily mean a new collective bargaining agreement is imminent. The sides would still have to come to terms on other issues such as free agency and salary arbitration.
The report stated that in the initial year of the proposed six-year plan, the salary cap would stand at around $36 million for the richest teams and about $22 million for the lowest.
06/09 01:57:20 ET
Toronto, ON (Sports Network) - The National Hockey League and NHL Players' Association have reportedly agreed to a salary-cap system, giving hope that the league's lengthy lockout could be nearing an end.
The Toronto Globe and Mail, citing sources close to the owners and players, revealed Wednesday that the opposing sides have worked out a cap formula that would be based on team-by team revenues.
The implementation of a salary cap has always been a polarizing issue for the two sides and is thought to be the main reason the owners and players couldn't reach an agreement before the 2004-05 season was cancelled.
However, the sources also revealed that this new development does not necessarily mean a new collective bargaining agreement is imminent. The sides would still have to come to terms on other issues such as free agency and salary arbitration.
The report stated that in the initial year of the proposed six-year plan, the salary cap would stand at around $36 million for the richest teams and about $22 million for the lowest.
06/09 01:57:20 ET
Legacy TMS Member
Joined: June 23, 2004
Posts: 2,147
Likes: 9
From: Pittsburgh, PA
What is scary here in Pittsburgh is some "West Coast" people are looking to become the majority investors in the Penguins. It was announced today. Well, Mario is pushing for a new stadium for the Penguins in Pittsburgh.
I can only see the new stadium being built, then the West Coast people move the team somewhere else.
It is bad enough that they asked the residents if they want to get rid of Three Rivers Stadium. 80% said no and they got rid of it anyway. Why ask?
I can only see the new stadium being built, then the West Coast people move the team somewhere else.
It is bad enough that they asked the residents if they want to get rid of Three Rivers Stadium. 80% said no and they got rid of it anyway. Why ask?
Legacy TMS Member
Joined: June 23, 2004
Posts: 2,147
Likes: 9
From: Pittsburgh, PA
Not sure how much he will fight. He talked about taking the team somewhere else before all this started. He is crying for a new stadium. He said if he does not get a new stadium, he will leave without a second thought.
Hows that for loyalty. I think he will get the gambling license he needs to get some money for a new stadium.
It is bad enough I missed a hockey season, I would really be uspet if my team moved away.
Hows that for loyalty. I think he will get the gambling license he needs to get some money for a new stadium.
It is bad enough I missed a hockey season, I would really be uspet if my team moved away.
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