Whistle NHL for $lashing!
July 15, 2012by nypost.com
The NHL’s Declaration of War presented to the Players’ Association in the guise of a first proposal on Friday would roll back the salary cap to approximately $52.5 million for 2012-13. The drop of nearly $10 million from last season would represent the lowest number since 2007-08, sources with knowledge of the league’s scheme have told Slap Shots.
This $52.5 million off a “midpoint” of $48.5 million is the result of a calculation based on the ramifications of slashing the players’ share of the gross to 46 percent from the current 57 percent, coupled with the redefinition of Hockey Related Revenue with the express written intent of dramatically reducing the amount in the pool.
It generally was agreed by those participating in Friday’s meeting that the NHL plan would reduce the