Union: NHL salary cap to rise to &#36;50.3M
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The NHL salary cap will rise to $50.3 million per team next season, an increase of $6.3 million from last season, the league and players' union announced Friday.
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The NHL players&#39; association stunned the league and even its members with its latest effort to save the hockey season: an offer to roll back all players&#39; salaries by 24 percent.
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TORONTO - The NHL and the playersâ association appeared headed toward a lockout when talks broke off Thursday after the unionâs first new proposal in nearly a year.
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A salary cap remains a sticking point as the league and the players reject each other&#39;s offers. TORONTO - The NHL edged a few steps closer to cancellation of what remains of the 2004-05 season Tuesday, rejecting
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TORONTO (Sports Network) - Calgary Flames goaltender Miikka  Kiprusoff will receive a huge increase in salary for the  upcoming season after an arbitrator Monday awarded the Vezina  Trophy finalist $2.95 million.
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TORONTO (CP) - Montreal Canadiens winger Pierre Dagenais, who made headlines last week when he said he&#39;d accept a salary cap if it settled the NHL lockout, showed up Tuesday at the NHL Players&#39; Association meeting.
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Sidney Crosby has a new contract before his 20th birthday and his eye on the Stanley Cup for the Pittsburgh Penguins. The NHL MVP and scoring champion signed a five-year extension through the 2012-13 season worth $43.5 million. The deal leaves room for the team to re-sign other young stars, such as Evgeni Malkin and Jordan Staal, in the coming seasons.
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A closer look at the new offer from the NHL Players&#39; Association: Rollback: The whopping 24% pay cut on all existing player contracts is a monstrous concession.
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The beauty of the NHL salary cap is that every storm can be weathered. No matter how crazy things look, no matter how perplexing or troublesome or outright wacky, no team can assemble a roster that pays more than $44 million (up from $39 million last season) to the rank and file.
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A 24% pay rollback is part of the concessions proposed to end the lockout and get players back on the ice. TORONTO - The NHL Players&#39; Association offered the NHL a 24 percent wage rollback and other concessions
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Dominik Hasek and the Detroit Red Wings agreed to terms of a one-year contract Thursday that is worth more than $2 million in base salary and gives the 42-year-old goalie a chance to earn an additional $2 million in bonuses.
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Any hope of salvaging part of the NHL season likely was shattered last night when talks between the league and the players' association broke off in New York after four hours following the NHL's presentation of a proposal that contained a salary cap.
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The NHL players&#39; union insists its proposed salary rollback will dramatically change the league&#39;s economics. Whether that&#39;s enough to persuade NHL commissioner Gary Bettman to sign off on a deal and end the three-month lockout remains to be seen.
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Pittsburgh Penguins co-owner Mario Lemieux will get $21 million as part of the team's settlement of its 1998 bankruptcy.
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NEW YORK -- Henrik Lundqvist and the New York Rangers agreed Thursday on a six-year, $41.25 million contract extension that will keep the two-time Vezina Trophy finalist in the fold through the 2013-14 season.
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Sidney Crosby signs a five-year extension worth about $45 million that will keep the NHL MVP with the Penguins through 2013.
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Kris Benson and the New York Mets completed more than three months of negotiations, agreeing Saturday to a &#36;22.5 million, three-year contract.