Suggestion to the NHL's Cap

[Bombshell11]

Thinking the NHL should only put a cap on guaranteed contracts and allow teams to have unprotected portions of money which get forfeited once player stops playing due to injury, retirement etc or player's performance have dramatically gone down and are either sent down to the AHL or their contract is bought-out in which case all the unprotected money is cancelled.

Each team is only allowed a maximum of 30 NHL x Contracts with a a protected portion capped at 2 million$

Teams can add as much as they want of unprotected salary to the contract, in form of signing bonuses or normal salaries. However the player is only guaranteed a maximum of 2 millions/ year from that amount.

When signing a contract it is up to the team and player to decide how much money they want upfront. Upfront money cannot exceed the total amount of protected salary left in the contract. Single year contracts cannot have any up-fronted salary. Where as a 2 year contract can only have up to 2 million$ in upfronted money for the first year only. No signing bonuses in the final year of a contract allowed.


Exhibit A:

Player A signs a contract of 8 yrs with maximum protected money, with maximum unprotected signing bonus and an extra 4 millions per year as salary. Therefore Player's contract will look like this:

Protected Salary: 2 mil/y @ 16 million total
Maximum Signing Bonus permitted:
First Year: 16 million$
Second Year: 14 millions$
Third Year: 12 million$
Fourth Year: 10 millions$
Fifth Year: 8 millions$
sixth Year: 6 millions$
seventh Year: 4 millions$
eighth Year: Not allowed

Unprotected Salary: 4 millions$/year

Total Contract worth: 118 million$/year = 14.75 millions$ /year

If something goes south in year one and the team decides to cancel the contract for example the Player would be going home with 16 millions$ + what ever amount of salary he played hockey for that year.
If something goes south in the second year then the player keeps the first year's earnings and goes home with 14 millions + what ever amount of salary he played hockey for that year.

Players are fully protected in the event something goes wrong with a team's financials, the NHL would take over and try to find said player another team to play for. As long as the player is maintaining respectable performances on the ice he is protected from a contract termination. In case the NHL goes down the contracts are voided.


This is a perfect way to allow resourceful teams to attract better talent while holding both the team and the player accountable.


Now i know what you're thinking... how do you come up with these great ideas?

I don't know what to say, to keep it 100 i am a genie and i grant wishes.

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[Golden_Jet]

Players and owners wouldn’t agree on a CBA in that scenario.

 

[Overrated]

There should not be any salary cap to begin with

 

[wmupreds]

No PA worth anything is going to let guaranteed contracts go once they're in place.

 

[NotASheep]

NHLPA has a good laugh.

How about player X signs an 8 year deal at 2mill a year an explodes in year 1. Would nhl teams like have him cancel the deal and negotiate a new one? We talk about players on bad contracts and teams trying to get from under them. What about players on good contracts? Should they be able to get a better deal.

Here is a simple solution to all problems. All players are only allowed to sign 2 year deals?

 

[The Panther]

Here is a simple solution to all problems. All players are only allowed to sign 2 year deals?

I actually think this is a good idea.

 

[ihcsunrise]

shorter max term for contracts has been brought up as a potential solution to some of the issues that arise currently, but 2 years is definitely too low for a sport with so much contact as hockey, 5 years however might be a sweet spot

 

[morehockeystats]

I actually think this is a good idea.

NHLPA would never agree to it.

 

[Barrie22]

NHLPA would never agree to it.

To be fair the same thing was said about the salary cap to begin with. The nhlpa is the weakest union in all of the professional leagues.

 

[MasterofGrond]

To be fair the same thing was said about the salary cap to begin with. The nhlpa is the weakest union in all of the professional leagues.

Not even close. NHL has fully guaranteed contracts unlike football and receives a higher percentage of revenue than MLB

 

[Fish on The Sand]

To be fair the same thing was said about the salary cap to begin with. The nhlpa is the weakest union in all of the professional leagues.

The NFLPA more closely resembles the Eagleson era NFLPA than it does an actual union.