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Tuesday, June 21, 2005

nhl- Waiting

from the CP via Slam, As the NHL and NHL Players' Association continue to put the finishing touches on the collective bargaining agreement, player agents and general managers are anxiously waiting to get their hands on the new deal.
Because once free agency kicks off sometime this summer, it's going be mass mayhem in the NHL. Some teams hardly have any players under contract for next season. Others will cut their rosters by buying out big contracts. And some clubs will approach star players to re-structure their contracts in order to create cap room.
Agents, meanwhile, will need to quickly get a feel for the landscape and find a home for their clients before all the cap room is gone around the league.
"We're going to be feeling our way here, and certainly I think there will be mistakes on both sides of the desk while we learn how to function in a new environment," said veteran agent Don Baizley, whose clients include Peter Forsberg, the No. 1 unrestricted free agent on this summer's market.
The new landscape is expected to be a harsh one for the players: a salary cap of around $35 million-$40 million US per team as well as a 24 per cent pay cut on existing salaries and potential buyouts of existing deals that would not count against the cap....more...