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Topic: Miscellaneous
Number of pages / Number of words: 4 / 864
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The NHLPA won't accept a salary cap. So the NHL and NHLPA agree to adopt a "payroll parameter" system. It includes annually negotiated and adjusted threshold figures, with both a floor and ceiling. Teams can go above the ceiling, but they pay an additional $2 for every $1 they go above that threshold...


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Teams can go above the ceiling, but they pay an additional $2 for every $1 they go above that threshold. One dollar goes to a general league fund, to be dispersed to all teams above the "floor" minimum, and $1 goes to either Hockey Canada or USA Hockey, the governing organizations for North American grass-roots hockey...


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