Sunday, January 6, 2013

Entertainment Report Issue #14.5 (NHL Lockout is Over!)



Yesterday morning after Team USA won the gold medal, I wasn't sure if that was going to be the last non-AHL game I was going to see. While I've adopted the Admirals as my team, without NHL game the winter has had a gaping hole. After the game, the NHL & NHLPA met. In the background of the football games, the meetings kept going. Suddenly around 10pm I read on Twitter the lockout was over. I didn't believe it. I wanted proof from TSN and/or ESPN. I wanted a press conference from Bettman and Fehr. I wanted it to be over so bad that I almost didn't believe. At this point, the Packers game was all but over, so I went to bed.

When I woke up at 5:30am this morning I had a weird ease, a feeling I haven't had since June. So I hopped on Twitter in the midst of that press conference I pretty much begged for last night.

It was over.

It was over!

The lockout was over!!!

The NHL is back!!!!!

Now as we await paperwork to be signed and a schedule to be announced, let's look a few major details of this deal.

#1, first of all it's a ten year deal with an eight year opt out. That would mean this deal would last till between 2021 and 2023.

#2, the salary cap this year is $60 million (the teams can spend $70.2 million) with a cap floor of $44 million. Next year (2013-14) the cap will rise to $64.3 with the same floor.

#3, free agents can sign a max seven year contract with a team, if a player is resigning with it's own team, the max is eight years.

There are obviously more details but those are the majorly important ones. The real important part is that we now have hockey.

As for the Report, I'm obviously going to doing weekly reports on the Eastern Conference Champion New Jersey Devils and there will be full coverage of the playoffs. Other than that, I'm trying to figure that out.

That being said, hockey fans rejoice. The wait is finally over. Let's drop the puck!!!

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