The Sharks could be operating under a new Collective Bargaining Agreement between the NHL and the league's Players' Association soon.
The NHL and NHLPA are nearing an agreement on a Memorandum of Understanding for a new six-year CBA that includes guidelines for the return of the 2019-20 season, TSN Senior Hockey Reporter Frank Seravalli reported on Saturday.
The MOU must be ratified by both sides before it becomes official, but the potential new CBA includes some notes that will impact the Sharks this offseason.
For starters, it appears the league's salary cap will be frozen at $81.5 million, and remain there until the NHL's hockey-related revenue gets back to $4.8 billion, which was the initial projection for this season before the coronavirus pandemic forced a suspension of operations on March 12.
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San Jose ended the season with around $648,000 (per Capfriendly.com) in available cap space, and with contracts expiring for players like Joe Thornton, Melker Karlsson and Aaron Dell, a frozen salary cap could make re-signing players the team wants to bring back difficult this offseason.
Seravalli also noted that minimum contracts will rise $50,000 for next season, increasing to $750,000. It will stay there for four years, before rising to $775,000 in 2024-25, and $800,000 in 2025-26.
Young players like Dylan Gambrell and Stefan Noesen played on minimum contracts in 2019-20 and now are in line for raises of at least $50,000 going into next season.
San Jose will be looking to turn things around going into the first full season of this potential new CBA, as the Sharks finished 2019-20 in last place in the Pacific Division with just 63 points.
How Sharks' front office could be impacted by potential new NHL CBA originally appeared on NBC Sports Bay Area
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