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SBD/July 6, 2012/Leagues and Governing Bodies
NHL, NHLPA Hold Second Negotiating Session; Contracts, Signing Bonuses To Be Hot Topic
Published July 6, 2012
DOLLARS AND SENSE: In San Jose, David Pollak writes monster NHL contracts similar to those that free agents LW Zach Parise and D Ryan Suter signed with the Wild this week "underscore an issue that could stand between players and owners as they try to hammer out a new labor agreement this summer." Some franchises claim that those contracts -- with "huge signing bonuses up front and small money on the back end -- circumvent the intent of the salary cap." Closing what "some see as a major loophole is one of the many issues to be resolved before the Sept. 15 expiration of the current labor agreement" (SAN JOSE MERCURY NEWS, 7/6). In Buffalo, Bucky Gleason wrote the "same owners who are expected to seek a large percentage in NHL revenue or take away guaranteed contracts are the ones signing fictional contracts front-loaded with ridiculous money." It needs to "be addressed in negotiations for a new collective bargaining agreement." The list is "long and laughable considering owners are circumventing the spirit on an agreement designed to save them from themselves" (BUFFALO NEWS, 7/5).