[panoo]

TSN.ca Staff
9/11/2006 6:20:28 PM

Imagine that.

One year into the new economic order of the NHL and it's the league that owes money to the NHL Players' Association, not the other way around, as was initially expected.

Sources tell TSN the league did not spend 54 per cent of hockey-related revenue (HRR) in the first year of the new collective bargaining agreement and must now make up the difference to the NHLPA, as per the terms of the new collective bargaining agreement.

While the final calculations have not yet been done, sources suggest the amount could be in the $35 million to $40 million range, although the precise amount will depend upon the final calculation for HRR for the first year.

TSN : TSN*TALENT - Canada's Sports Leader

 

[ragologist]

Wait a minute... I thought that 54 percent was a cap - as in a maximum amount. Money was put aside in case the total amount paid to the players was more than that limit. Each team paid out at least the minimum amount they were required to; no one was under the salary floor.

So what in the heck is this post supposed to refer to?