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January 6, 2013
NHL Is Back
The NHL and the NHLPA announced that they reached a tentative deal today, ending the lockout. The deal would be for 10 years, with an 8-year opt-out option. The players' share of NHL revenue--a major part of the negotiations--will drop from 57% to 50%. Also among the provisions are a new salary cap and 7- or 8-year limit on player contracts.
Assuming the agreement is ratified, play is expected int he next couple of weeks for something around a 50-game season.
-JH
January 6, 2013 in Labor and Employment News, Labor Law | Permalink
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