Biggest takeaways from the NHL Board of Governors meetings in NYC today: - CBA talks w/ players start in early 2025 - Preliminary salary cap for 25-26: $92.5 million - Shrinking preseason and expanding regular season is "on a list of things to think about" in next CBA.
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NHL seeks early CBA extension with NHLPA, Bettman optimistic about smooth negotiations
Photo credit: © Anne-Marie Sorvin-USA TODAY Sports
By Jagraj Lalli
Oct 2, 2024, 17:30 EDTUpdated: Oct 2, 2024, 17:10 EDT
The NHL is taking proactive steps toward extending its Collective Bargaining Agreement (CBA) with the NHL Players’ Association (NHLPA) ahead of the current agreement’s expiration in September 2026. Commissioner Gary Bettman announced plans to begin negotiations as early as January, hoping to complete talks before the Stanley Cup Final.
During a media appearance, Bettman highlighted the NHL’s positive financial performance, noting that league revenue reached record highs in the 2023-24 season. He expressed optimism about the upcoming negotiations, stating that both the NHL and NHLPA are “in a good place” regarding their relationship. However, past labour disputes between the two sides, including multiple lockouts, have left lingering mistrust that could impact discussions.
The previous CBA negotiations led to a significant shift in wealth, with over $5 billion transferred from players to owners over an 11-year period. As franchise values continue to rise, the NHLPA may seek to renegotiate revenue-sharing agreements, potentially pushing for a higher percentage of league earnings.
Bettman, however, downplayed the possibility of significant changes, remarking that both sides are likely seeking adjustments rather than drastic shifts. “My guess is, on either side, we’re not talking about fundamental changes,” Bettman shared on The Varsity podcast. “I think we’re looking at things we’d each like to see improved, but I’m not concerned that we’re looking at something that will take us down a road nobody wants to go down.”
As both the league and players’ association prepare for talks, one issue likely to arise is the potential reduction of pre-season games, which has been a topic of recent discussion. Adjustments to the pre-season schedule could serve as a bargaining chip in the negotiations.
The NHL and NHLPA have already chatted about it and will do so more seriously in CBA talks: reduce pre-season to 4 games (and add 2 games to regular season to make it 84). That’s the idea anyway. We’ll see where it goes in CBA talks.
Bettman also emphasized that while he hopes the extension will be finalized by the time of his media availability during the Stanley Cup Final, there is no formal timetable in place. “I don’t want to speculate, but if we have it done by my media availability in the Stanley Cup Final, everyone would be very happy,” Bettman said. He added that the timing of the deal will ultimately depend on discussions with NHLPA Executive Director Marty Walsh.
The early start to CBA talks could indicate a shift towards a more collaborative relationship between the NHL and NHLPA, potentially avoiding the disruptions of past negotiations. Both sides hope to reach an agreement that prioritizes player interests while promoting the continued growth of the game.
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