Term Paper Categories
|
The Salary Cap
| Term Paper Title |
The Salary Cap |
| # of Words |
661 |
| # of Pages (250 words per page double spaced) |
2.64 |
The Salary Cap
Wanting a salary cap, limiting roster size, and negotiating medical insurance were the main reasons for the NHL strike of 1993-94 where labor gained unrestricted free agency and medical insurance, but lost arbitration and the amount of fines.
One of the main reasons for the strike was management wanted a salary cap. A salary cap gives management a limit on how much the pay the players. When the players didn’t agree, management wanted a luxury tax that was very similar to a salary cap. "They don’t think we realize what they are trying to do (Gretzsky in Reuters)." The salary cap was the main issue throughout the negotiations. Although management put up a good argument, the idea of a salary cap was thrown out. Wanting a salary cap, limiting roster size, and negotiating medical insurance were the main reasons for the NHL strike of 1993-94 where labor gained unrestricted free agency and medical insurance, but lost arbitration and the amount of fines.
Roster size was another important issue. The management wanted to put a limit on the amount of players a team could have. The current roster size was unlimited and management wanted it limited to 22. "Owners are paying too much for all the players (Betterman in Fay)." This was another part of the negotiations that lasted all the way to the end. Management was able to get a roster limit of 25. After management and players both had plus on their side.
Medical insurance was a hard argument. Players had had all of their insurance paid for up until this point. Now management wanted a change. The management wanted players to pay the first $750 of their insurance. For players that made more than $350,000, they wanted them to pay for all of their insurance. "They have the money, so I don’t know why they’re complaining (Patrick in Deacon)."
Free Agency was one of the points that labor wo...Read entire document
|
|
|
|
