NHL Players Association Voted To Trigger 5 Percent Escalator in Salary Cap
The NHL Players Association has voted to trigger the five-percent escalator, meaning a higher salary cap for next season and the potential for bigger escrow payments.
The vote means the salary cap for the 2012-13 season would be between $70.2 million and $70.3 million.
That, however, could change with the league and NHLPA set to begin negotiations on a new collective bargaining agreement Friday in New York.
The current Collective Bargaining Agreement expires September 15th.
NHLPA executive director Don Fehr said Wednesday that if there is no agreement between the sides by the September 15th expiration date, work could go on under the old deal if management and players agree.
The regular season is scheduled to start on Octobe. 11.
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