This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. The Owners Perspective From an owners point of view, there is a massive financial discrepancy between the successful and the struggling teams of the NHL.
Eliminate signing bonuses and set a uniform salary for each year of a contract, thus eliminating front-loading of contracts. Extend entry level contracts for players entering the league from three years to five. Extend qualification for unrestricted free agency from seven years in the league to ten.
The Players Perspective From the players perspective, they are the victims of a war between the large and small market teams of the National Hockey League. The main issue in this lockout was the salary cap, which management favored and players opposed, both strenuously. The lockout lasted from October 1, to January 11, Forty-eight regular-season games were lost, making the game season the shortest in the NHL in more than half a century.
The lockout created a lot of animosity between ownership and players, setting the stage for future troubles. This lockout caused the cancellation of the entire season, and for the first time since , there was no Stanley Cup champion. This was also the first time, in any major North American sport, that an entire season had been cancelled — a major disappointment to hockey fans around the world that led many to sour on the league.
Owners wanted a salary cap linked to revenues; the players did not want the link. Player salaries had become a serious issue: The NHL was paying a far higher than average three-quarters of league revenue on salaries, and several teams were on the brink of bankruptcy.
After days of lockout, an agreement was finally reached that lowered guaranteed salaries to 54 percent of total league revenues. Nevertheless, the league stabilized financially after the lockout and player salaries have continued to rise.
As a result of the lockout, the season was cut from 82 to 48 games. A year CBA would force the players to wait a long time before being able to win these concessions back in negotiations. That's not an ideal situation for the union. The finally tally reads three "pros" and one "con. The NHL, more than any other sports league in North America, needs at least 10 years or more of labor peace to ensure that the league can build a successful business that isn't constantly interrupted by the greed and hatred found in lockouts.
But as we have seen multiple times throughout this lockout, compromises have been hard to come by. Follow NicholasGoss Enjoy our content? Join our newsletter to get the latest in sports news delivered straight to your inbox! Your sports.
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