Hey there, time traveller!
This article was published 3/6/2014 (782 days ago), so information in it may no longer be current.
POKER, CFL STYLE
THE CFLPA pushed another offer in the direction of the league on Monday night but it was turned down with no counter-offer from the league. Commissioner Mark Cohon made an offer to the players last week calling it his best and final offer. Here's a look at where the players are now, where the league remains and the major financial differences in the deals.
CFLPA's LATEST OFFER
The key elements in the CFLPA proposal tabled Monday include a salary cap that starts at $5.2 million and rises to $6 million by the end of a four-year term. The first year's cap would not include one-time ratification bonuses of $8,500 per veteran and $1,500 per rookie, which would add close to $400,000 in Year 1, making the actual cost per team in the neighbourhood of $5.6 million.
Offers exchanged last week by the players and league included a revenue-protection clause, which would kick in if league revenues hit a certain threshold. Once this number is achieved, the CBA must be reopened and the salary cap renegotiated. The players' first offer was for a threshold of $12 million and the latest offer from the players moves the threshold to $18 million of increased revenue after three seasons of the new CBA.
THE CFL OFFER
The league's offer calls for a cap of $5 million with ratification bonuses of $5,000 per veteran and $1,500 per rookie, which averages out to around $250,000 per team. The cap would rise at a rate of $50,000 per season over a term of five years plus an option and would have a similar revenue-growth protection clause that would kick in at $27 million as early as 2016 in the third year of the agreement. Last year's cap was set at $4.4 million.
Year 1: CFLPA proposal calls for cap of $5.2 million and salary costs including bonuses in the $5.6 million range. The CFL offer sets cap at $5 million and salary costs including bonuses around $5.25 million.
Year 2: CFLPA proposal raises cap by $400,000 to $5.6 million. CFL deal raises cap by $50,000 to $5.05 million.
Year 3: CFLPA proposal raises cap by $200,000 to $5.8 million and revenue protection kicks in at $18 million. CFL deal raises cap by $50,000 to $5.1 million and revenue protection kicks in at $27 million
Year 4: CFLPA proposal raises cap by $200,000 to $6 million. CFL deal raises cap by $50,000 to $5.15 million.
UP TO THE MINUTE
CFL players will be in position to strike in all nine cities as of Saturday. On Tuesday, the league extended a deadline to sign its latest offer until Friday.