NBA SALARY CAP!!!!!

The NBA owners want a players salary system that works in a similiar way to the one in the NHL….AND I LOVE IT!

READ BELOW TO LEARN MORE ABOUT THE NHL STRUCTURE AND WHAT IT TOOK TO GET THERE:

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The NHL Salary Cap is the limit to the total amount of money that National Hockey League teams are allowed to pay their players and uses a “hard” cap, meaning there are no luxury taxes or exemptions.

On September 15, 2004, league commissioner Gary Bettman announced a lockout of the players union and cessation of operations by the NHL head office. The lockout shut down the league for 310 days, the longest in sports history; the NHL was the first professional sports league to lose an entire season. The league vowed to install what it dubbed “cost certainty” for its teams, but the NHL players association countered that the move was little more than a euphemism for a salary cap, which the union initially said it would not accept. 

The league presented the NHLPA with concepts to achieve cost certainty. These concepts are believed to have ranged from a hard, or inflexible, salary cap similar to the one used in the National Football League to a centralized salary negotiation system similar to that used in Major League Soccer. 

According to Bettman, a luxury tax similar to the one used in Major League Baseball & the National Basketball Association would not have satisfied the league’s cost certainty objectives. Most sports commentators saw Bettman’s plan as reasonable.

A new collective bargaining agreement, with a hard salary cap, was ratified in July 2005 with a term of six years with an option of extending the collective bargaining agreement for an additional year at the end of the term, allowing the NHL to resume as of the 2005–06 season.

A Canadian public opinion poll conducted by Ipsos-Reid near the start of the lockout found that 52 percent of those polled blamed NHL players for the lockout and only 21 percent blamed the owners of NHL teams.

Also hurting the NHLPA was the fact that its players had very visibly high salaries, which removed much sympathy from lower-to-middle class fans.

NHLPA Executive Director and General Counsel Bob Goodenow, seen by many as the biggest villain in the lockout because of his hardline stance against a salary cap, resigned from his position five days after the agreement was ratified amid criticism from many of his constituents.

On October 5, 2005, with a new hard salary cap in place, the first post-lockout NHL season took to the ice with 15 games, and consequently all 30 teams. Of those 15 games, 11 were in front of sell-out crowds.  The NHL received record attendance in the 2005–06 season. 20,854,169 fans, an average of 16,955 per game, was a 1.2% increase over the previous mark held in the 2001–02 season.

The NHL’s post-lockout agreement with NBC gave the league a share of revenue from each game’s advertising sales, rather than the usual lump sum paid up front for game rights. The NHL is estimated to earn annual revenue of around $2.27 billion

Players, agents or employees found to have violated the NHL salary cap face fines of $250,000 – $1 million and/or suspension. Teams found to have violated the cap face fines of up to $5 million, cancellation of contracts, loss of draft picks, loss of points and/or forfeiture of game(s) determined to have been affected by the violation of the cap.

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One Response

  1. IS it true or false? It is said he has secret love affairs with two women!He won an election.The price includes postage charges.He suggested a picnic.The students declared against cheating.I quit!Mr. Smith knew Jack didn’t look at the others because he was nervous.It’s her field.I’m thinking of hanging the lamp from the ceiling.

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