LTIR a lingering issue in CBA negotiations. travisyost has MORE:
On Sept. 1, the National Hockey League can choose to opt out of the current Collective Bargaining Agreement . If the league passes on the opportunity, the players have their shot at exercising the right to opt out on Sept. 19.
While escrow and the definition of hockey-related revenue will consume most of the dialogue during these talks, CBA negotiations offer opportunities to correct or mitigate loophole effects introduced from prior agreements. Players love signing bonuses for a variety of reasons – they make contracts much more difficult to buy out, they tend to be paid out in lump sums on given calendar dates over the course of the year, are required to be paid out in the event the league shuts its doors , and have more favourable tax implications.
The point of the LTIR clause was to offer relief in the event a player on a club became unfit to play for at least 24 calendar days and 10 NHL regular season games. The spirit of the clause is to offer teams a degree of temporary relief when an unexpected injury occurs. “Depending on your projection of the opening day roster prior to the trade, the Leafs had roughly $9.5m to sign Mitch Marner. The problem was that if Marner wasn’t signed by Oct. 2, the Leafs would have no way to manoeuvre any closer to the cap than ~$3.5m, meaning they could not properly utilize LTIR and get full relief for Horton. This undercut the Leafs’ leverage, as they had to get a deal done by the end of training camp.
Though their motivations couldn’t be more different, both teams are stretching the limit of what the CBA is meant to allow for relief. To briefly summarize how discrepant this is, look at our opening night forecast of salary and cap obligations for the Ontario clubs:
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