5% Growth Factor Mantained for the '10/11 Season
The NHLPA Executive Board has elected to maintain the 5% Growth Factor for the 2010-2011 season.
5% GROWTH FACTOR MAINTAINED FOR THE 2010-2011 SEASON
Toronto/Chicago (June 22, 2010) - The National Hockey League Players’ Association Executive Board has elected to maintain the 5% Growth Factor for the 2010-2011 season.
The growth factor is automatic under terms of the CBA, once revenues exceed $2.1 billion unless either the NHL/NHLPA proposes another Growth Factor based on actual revenue experience or other projections.
The NHL and the NHLPA will jointly announce the 2010-2011 Payroll Range prior to July 1, 2010.