NHL owners ask players to pay for the rest of the year
By Michael LeBlancThe NHL’s owners want the players to be on the same page about the financial obligations of the league.
The issue is being debated by the players union and NHLPA.
The union is also trying to get more visibility out of the union’s demands.
In a meeting Wednesday, league owners and players voted unanimously to create a $100 million fund to help players and teams meet financial obligations to the league and players.
The proposal is a first step toward creating a separate fund to cover players’ salaries, travel, equipment and insurance, among other things.
It’s a big step, and it’s a step toward making sure the players have access to the funds that are going into the league coffers.
But the union and players are divided over what the funds should look like and how they will be used.
Owners are demanding more transparency, but are concerned the funds could end up being used to fund luxury items, including the new, $10 million luxury box.
“I don’t think that the players are going to agree on that,” union president Mike Condon said.
“I think they’re going to have a hard time agreeing on that.
I think that’s a concern.
We don’t want to create an inequity in the way we fund the league.”
The league, meanwhile, says it’s still open to the union negotiations, and is hoping the funds will be in place for the start of the new season.
The league is not releasing details about how it plans to use the money, which could change before the season begins.
But while the union is eager to see the money used to pay players, Condon is wary of how much the union might have to contribute to the new funds.
The owners want to avoid “a situation where we just spend a little bit of money on an item that’s going to be part of the deal,” he said.
Condon said he wants the players’ proposal to be more than a one-time gift, but that he has concerns about the size of the money.
He said that could lead to the money becoming a “perpetual item.”
The players want to be reimbursed for the money over time.
If the money was to go to luxury items for players, the players could “just throw it away,” Condon argued.
The NHLPA has said that would be unfair.
“There’s a lot of money to be spent in this league,” Cordon said.
“So, to get the players on board is going to take a lot more than just having a big, fat, big cheque.”