Sportsnet’s Elliotte Friedman joined the “Tim and Sid show” on Sportsnet 590 Tuesday afternoon to discuss the current state of the NHL. Topics included the current salary cap issues for next season, including the players likely loss of significant money in escrow, and candidate solutions to address potential financial losses that could top one billion dollars in revenues.
Friedman stated he had a theory that the time was right for the NHL and the NHLPA to enter into a new Collective Bargaining Agreement (CBA) now, rather than next September.
A new CBA would allow both the League and the Players Association an opportunity to restructure financially, and would this provide a mechanism for dealing with potential losses accrued from the suspended play due to the COVID-19 virus.
The current Agreement runs ten years, expiring on September 15, 2022. The current Agreement was ratified by NHLPA membership on January 12, 2013, concluding a four-month lockout by NHL owners.
H/t Kukla’s Corner