

2:53 pm
March 12, 2012

http://sports.yahoo.com/news/n…..–nhl.html
This is the latest news on it.
On sunday the news broke that they finally made an agreement and there's gonna be a 48 game season this season.
Let's look at the casualties of the lockout:
1. 625 games canceled.
2. The NHL Winter Classic 2013 between the Detroit Red Wings and Toronto Maple Leafs was canceled.
3. The 2013 NHL All Star Game was canceled
Here's the terms of the New CBA deal:
approximately 4:45 am EST on January 6, after approximately 16 continuous hours of negotiating, a tentative deal was reached on a new collective bargaining agreement to end the lockout. The terms included a limit of eight years on contract extensions and seven years on new contracts, a salary floor of US$44 million and a salary cap of US$60 million (a two-year transition period will allow teams to spend up to US$70.2 million in the deal's first season, pro-rated for the season length, and up to a salary cap of US$64.3 million in the second season), a maximum 50-percent variance in the salaries over the course of a contract, mandatory acceptance of arbitration awards under US$3.5 million, no realignment, and an amnesty period to buy out contracts that do not fit under the salary cap.
This new CBA is a 10 year deal with the option to opt out on in 8 years.
Bottomline: We're not gonna see another NHL Strike or Lockout anytime soon.
Your thoughts?
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