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Nhl Lockout

The rookie salary cap was gutted when teams took advantage of a loophole, adding lucrative "bonus" payments on top of the "maximum" base salary. It began in 1997, when the Boston Bruins gave two rookies, Joe Thornton and Sergei Samsonov, the maximum salary allowed under the rookie cap. But those contracts also had bonus clauses that would roughly triple the base salary if certain criteria - such as statistical benchmarks - were met. From then on, all high draft picks began demanding and receiving similar contracts. The multimillion dollar offers made to a few free agents served to "raise the bar," leading to comparable salary increases for comparable players. This movement was led by a few wealthy teams, like the Rangers, Flyers and Red Wings. But it drove up the market value for players throughout the league. Teams did not use their leverage with restricted free agents. At contract time, most under-31 players have two options: sign and play or stay home and earn nothing. Despite......


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Approximate Word Count: 1708
Approximate Pages: 7 (250 words per double-spaced page)

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