All restricted free agents (RFAs) sign the minimum required qualifying offer (RFAs making under $1 million need an offer sheet that’s 105 percent of their current contract, RFAs making $1+ million need a qualifying offer of 100 percent). TV, NHL Premium, NHL After Dark, NHL GameCenter, NHL GameCenter LIVE, NHL Network name and logo, NHL Tonight name and logo, On The Fly, NHL Awards name and logo, NHL Draft name and logo, NHL Mascots, Hockey Fights Cancer, Because It's The Cup, NHL Green name and logo, NHL Vault, Hockey Is For Everyone, NHL Thanksgiving Showdown name and logo, NHL Centennial Classic name and logo, NHL Centennial Season logo, NHL100 Classic name and logo, NHL Global Series name and logo, NHL China Games name and logo, NHL Power Players name and logo, and Don't Miss A Moment are trademarks of the National Hockey League. It may not be easy to find an oasis in this salary cap desert. "From our standpoint," NHL Commissioner Gary Bettman said Saturday," we believe that it was important to adhere to the fundamentals of our system but at the same time restructure it to moderate the impact on both sides, which is how we in effect dealt with the shortfalls that are occurring or are likely to occur with an attempt to smooth it out. The salary cap could grow incrementally following next season provided hockey-related revenues begin to recover from losses created by the impact of the coronavirus, which caused the season to be paused March 12. Well, over the years, the Coyotes have quietly been getting more and more expensive. The new CBA keeps the formerly agreed upon minimums for the next two years and then adds some new increases: The minimum salary is used in various calculations within the CBA, like the rules for how much of a cap hit can be buried in the minors and how much salary can be paid as signing bonuses. The upper limit, or salary cap, was set at $79.5 million while the lower limit, or salary floor, was fixed at $58.8 million. All Rights Reserved. But will they get better in hoping internal options like Rasmus Sandin and Timothy Liljegren can sink, not swim? "We've agreed on how the cap will be set for all six years of the collective agreement," NHL Deputy Commissioner Bill Daly said Saturday, "and the inflator that had previously existed in the Collective Bargaining Agreement will not apply subject to the other inflators that we've agreed to as part of our new agreement.". They cannot afford any of the $5-plus million contracts the … Remember, too, that an individual’s performance in this year’s Stanley Cup Playoffs could substantially impact his perceived value to an arbitrator. And still that leaves under $1.2 million per team to use. I would say we aren’t at that point on this issue — we do not view it as the loophole that some describe it as. NHL Salary Cap Information Cap Info for all NHL Clubs Atlantic Bruins Sabres Red Wings Panthers Canadiens Senators Lightning Maple Leafs Metropolitan Hurricanes Blue … Primarily using numbers THW’s salary-cap tool, a theoretical salary structure can be constructed. Now the cap hit stops when the player stops. "There's obviously going to be some pain here," NHLPA Executive Director Donald Fehr said. Again, this might be fodder for a future post, yet opportunistic rebuilding teams could feast. Related: 3 Canucks That Could Become Cap Casualties. As focused as NHL teams are on the present with the ambitious return to play, the CBA extension introducing a flat salary cap for 2020-21 leaves GMs (and fans) with plenty to think about. Players who have a contract that expire after next season will be allowed to sign a contract extensions starting July 13. Are they done signing now? Even in an ideal, pandemic-free world, the Lightning would need to tighten their belts. There is, however, a provision that the two parties (the NHL and the NHLPA) can negotiate a cap increase larger than $1 million if HRR grows faster and higher than anticipated. The NHL minimum salary will rise from $700,000 to $775,000. The extension eliminates the free agent interview period that was allowed as per the terms of the previous CBA. The process is described in detail here: The structure of contracts where the salary is higher in the first years than the later years has been tightened up: For all “Front-Loaded SPCs” (as defined below), the difference between the stated Player Salary and Bonuses in any immediately adjacent League Years of that SPC cannot exceed twenty-five (25) percent of the stated Player Salary and Bonuses of the first League Year of such Front-Loaded SPC. The flat salary cap hurts the Maple Leafs hardest in trying to make more aggressive moves toward improving. Via Cap Friendly, supporting cast members such as Ondrej Palat, Yanni Gourde, Tyler Johnson, and Alex Killorn all own such clauses. With no increase from the previous year’s upper limit of $81.5 million per team, many teams in the league will be hard-pressed to keep their rosters intact. If the Maple Leafs want to keep one or more of Frederik Andersen (contract runs through 2020-21) and Morgan Rielly (through 2021-22), it will probably mean making some painful trades during the offseason. They haven’t always got what they paid for, but this isn’t a wholly cheap team. The playoff fund will go down to $20 million next season and rise to as high as $24 million by the end of the CBA term. Other UFAs are in the prime of their careers, play an important role on their teams, and get paid for it. — NHL Public Relations (@PR_NHL) October 16, 2020 The Leafs are right up against the salary cap and only have about $500,000 in cap space after this signing, per CapFriendly , so it was very helpful for Toronto that Thornton agreed to join at a cheap price. Teams do not receive full cap relief when a player on a one-way NHL contract is reassigned to the American Hockey League, or is loaned to a team in another professional league. Reduced hockey-related revenue due to the COVID-19 pandemic will result in a “flat” NHL salary cap for the 2020-21 season. Under certain circumstances, the team has the option of paying the higher salary or walking away, allowing the player to become a UFA. The extension will see an increase in the league minimum salary for the final two years. Each of those players needs to get paid. The free agency period this offseason will begin after the 2020 NHL Draft (scheduled for Oct. 9-10) and Stanley Cup Final are completed. The goals of the agreement are parity and competitive balance, revenue sharing, and long-term sustainability of the league. Qualifying offers are not just whatever a team feels like offering. Yes, keep in mind that some RFAs have arbitration rights – if a team tries to lowball, perhaps making a qualifying offer of just 100 percent of a current contract over $1 million, an arbitrator could award a substantially higher amount. The NHL salary cap for next season will remain $81.5 million. Since this is an extension of the existing document, most of the changes just involve erasing a paragraph and adding a new one. The 2020 CBA extension was ratified on Friday, July 10 in the form of a Memo of Understanding. © The Hockey Writers 2018. Minimum NHL Salary & Buried Cap Hit The minimum NHL Salary is set in the CBA (11.12.a) and is as follows: 2012-13 – U.S. $525,000 2013-14 – U.S. $550,000 My colleague Jack Dawkins thinks Holtby will be gone next year. But with the NHL salary cap flat at $81.5M? Let’s face it, when the league and the NHL Players’ Association agreed to the cap 10 years ago, it didn’t do it so teams like the Coyotes could pull off cockamamie deals just to get up to the minimum-spending threshold.”. If minimum wage had been tied to 1.15% of the team salary cap instead of anchoring it to a fixed dollar rate schedule, NHL minimum earners would have received an extra $100,000 in 2007-2008, $200,000 more in 2011-2012, and almost $300,000 more in 2012-2013. The new CBA keeps the formerly agreed upon minimums for the next two years and then adds some new increases: 2019-20 $700,000 2020-21 $700,000 The games also do not count as playoff games for performance bonuses, but they do count as NHL games played. Heck, how can they make it work to keep underrated RFA blueliner Vince Dunn? Perhaps the NHL and the NHLPA will agree to some sleight-of-hand to fit existing and to-be-negotiated contracts under this “flat cap.” But right now, to me, it looks like the numbers just don’t add up. Then you factor in talented RFAs Anthony Cirelli and Mikhail Sergachev deserving significant raises, and … yikes.