Feb. 9, 2012; Ann Arbor, MI, USA; Detroit Red Wings defenseman Niklas Kronwall (left), Nicklas Lidstrom (5), center Henrik Zetterberg (40), center Pavel Datsyuk (13), and goalie Jimmy Howard (right) pose for a photo with NHL commissioner Gary Bettman (third from left) during a press conference for the 2013 Winter Classic between Detroit Red Wings and Toronto Maple Leafs at Michigan Stadium. Mandatory Credit: Rick Osentoski-USA TODAY Sports

THE LOCKOUT IS OVER!

Finally. It’s here. We all have our closure. The season has been saved. The league and it’s players met for 16 hours straight yesterday to save it. I can’t remember the last thing I did for 16 hours straight.

Anyway, the players were able to minimize the damage that the owners tried to inflict and ultimately came up with a deal they and the owners are able to live with.

Main points:

  • Maximum 7 year contracts for signing players. 8 year contracts if it’s your own players.
  • 10 year CBA. Mutual opt out after 8 years.
  • Salary cap for 2013-14 season $64.3. Cap floor $44 million.
  • Draft lottery makes all non playoff teams fully eligible for the 1st overall pick.
  • Teams must use two amnesty buyouts before the 2013-14 season.
  • Salary variance is now at 35% year to year. Lowest salary cannot be more than 50% in the lowest year.

I have stuff to do today and hopefully by tonight I can have more details on this, and some stuff regarding the Rangers.

Be sure to follow me on twitter @Bluelinestation.

 

Tags: Lockout NHL NHLPA

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