Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
NHL Lockout Finally Reaches an End
Author: Scarinci Hollenbeck, LLC
Date: January 14, 2013
Key Contacts
Back
Hardcore hockey fans that have been awaiting the end of a 113-day lockout must be relieved that the NHL hockey season will finally resume.
Following an overnight 16-hour bargaining session, the National Hockey League Players Association led by Donald Fehr and the National Hockey League commissioner Gary Bettman were able to come to accord regarding new labor contracts. In a press conference at 6 a.m. in New York, Commissioner Bettman said that while there is still a lot of work to do, the most pressing issues that led to the lockout have been resolved.
“[NHL Players’ Association director Donald] Fehr and I are here to tell you that we have reached an agreement on the framework of a new collective bargaining agreement,” he told reporters. “We have to dot a lot of I’s and cross a lot of T’s. There is still a lot of work to be done, but the basic framework has been agreed upon.”
While there are several specifics to still be announced, the biggest details to leak from the agreement include a prorated $70.2 million dollar salary cap this season. NHL teams are also banned from locking up players to contracts that exceed eight years. The new deal also ensures an increase in revenue sharing and team owners agreed to guarantee players’ pensions.
As the details of the agreement are worked out, an abbreviated season is set to begin in the near future. The traditional 82-game season will likely be reduced to 48 games, and players are expected to return to training any day now. The Stanley Cup Finals may also be extended into late June, rather than earlier in the month as it would normally play out.
- Industries: Entertainment & Media
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Buying Commercial Property in New Jersey: Legal Guide for Small Businesses
Small businesses considering buying commercial property in New Jersey must evaluate a range of legal, financial, and operational factors. While ownership can offer long-term value and control, it also introduces significant risks if not properly structured. This guide outlines key considerations to help New Jersey business owners make informed decisions, minimize legal exposure, and successfully […]
Author: Robert L. Baker, Jr.
The SEC’s Latest Guidance on Applying Federal Securities Laws to Tokenized Securities
On January 28, 2026, staff of the U.S. Securities and Exchange Commission’s Divisions of Corporation Finance, Investment Management, and Trading and Markets issued a joint statement clarifying how existing federal securities laws apply to tokenized securities. The SEC’s “Statement on Tokenized Securities” does not establish new law, but it does provide greater clarity on the […]
Author: Dan Brecher
Common Legal Mistakes NYC and New Jersey Business Owners Make
Operating a business in the New Jersey and New York City metropolitan region offers incredible opportunities, but it also requires navigating a dense and highly regulated legal environment. From entity formation to regulatory compliance, seemingly minor legal oversights can expose business owners to significant risk. In our work with businesses throughout the region, our attorneys […]
Author: Dan Brecher
What Founders Can Learn From Start-up Suits
High-profile founder litigation is more than just a media spectacle. For startup founders, these cases underscore the legal and structural risks that can arise when rapid growth outpaces formal oversight. While launching a new company can be both an exciting and deeply rewarding endeavor, founders must be mindful that it also comes with significant risks. […]
Author: Dan Brecher
Corporate Governance Reviews: A Practical Guide for New Jersey Companies
Every New Jersey company should periodically evaluate its governance framework. Strong corporate governance protects directors and officers, builds investor confidence, reduces litigation exposure, and positions a company for sustainable growth. The first quarter of the year is a great time to evaluate your corporate governance practices and perform any routine maintenance needed to keep that […]
Author: Ken Hollenbeck
What to Do After Being Served with a Lawsuit: Steps to Protect Your Legal Rights
Being served with a lawsuit is one of the most stressful legal events a business or individual can face. Whether the claim involves a contract dispute, an employment matter, an intellectual property issue, or another legal challenge, the actions you take in the first few days can significantly shape the outcome of your case. Acting […]
Author: Robert E. Levy
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.