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NHL players seemingly preparing for another lock-out

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Felip Gosselin
August 27, 2024  (8:45 PM)
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NHL Stars
Photo credit: ESPN

NHL players seem to be preparing for a potential lockout by structuring their contracts to protect themselves.

The NHL has enjoyed labour peace since the lockout-shortened 2012-13 season, successfully navigating challenges such as the COVID-19 pandemic alongside the Players' Association. However, the current collective bargaining agreement (CBA) is set to expire after the 2025-26 season.

Unlike other major leagues like the NBA, MLB, and NFL, which experienced rapid recoveries and salary cap growth post-COVID, the NHL's salary cap has remained relatively stagnant. This discrepancy has led to increased speculation that players, under the leadership of new NHLPA head Marty Walsh, will push for a larger share of league revenues.

In anticipation of a potential lockout, players increasingly seek to secure their financial futures. According to Travis Yost of TSN, there has been a significant rise in players opting to sign bonuses in the lockout year of their contracts, a strategy designed to ensure they receive a guaranteed portion of their salary even if a lockout occurs. This trend suggests players are gearing up for a possible labour dispute when the current CBA expires.

To illustrate this, consider just the contracts signed since the beginning of the calendar year. Notably, the multi-year contracts with terms extending into the 2026-27 regular season have a sharp rise in signing bonus activity when the league's contract expires.

By securing signing bonuses, players can reduce the leverage owners typically hold over them, potentially shifting some control in labour negotiations. Another lockout would be highly damaging to the league, which should motivate owners to maintain a cooperative relationship. At the very least, players are taking proactive steps to protect their most valuable asset-themselves-ensuring financial security even in the face of potential labour disputes.

Credit: Blade of SteelNHL Players appear to be preparing for another lockout

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NHL players seemingly preparing for another lock-out

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