PHILADELPHIA — I have always believed that there is a lot of, “I told you so,” in Gary Bettman, who even when he didn’t, most often insists that he did. That is what I think is at the root of the o…
PHILADELPHIA — I have always believed that there is a lot of, “I told you so,” in Gary Bettman, who even when he didn’t, most often insists that he did.
Instead, under terms of the collective bargaining agreement that was adopted in July 2020, the cap will be set to increase by just $1 million to $83.5 million, making 2023-24 another in a string of seasons in which at least half the league will be strangled by the cap. That is because the massive escrow debt incurred by the NHL Players’ Association during the pandemic will not be paid off by the end of this season.
But, like a practiced carny, Bettman threw it out there before reeling it back in. Magic! I can’t quite fathom the reason why, unless it was to remind folks, both on his side of the aisle and those across the way caucusing with the NHLPA, that he had immediately foreseen the pain that the CBA would inflict on teams and suggested renegotiating the deal in December 2020, just about five months after it had been adopted.
I kind of think this dance was a reminder of that. Fully half the league is dipping into long-term injured reserve in order to remain compliant with the cap. The system will burst at the seams next summer. There was a way out in December 2020. The union chose not to take it., the league and union could reach an agreement to smooth out the $10 million increase in the cap that is projected over the next three seasons. Instead of the cap rising by $1 million and then by another $4.
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