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The pay limit has been in place since the end of a labor dispute that caused the cancellation of the entire 2004-05 NHL season. Sports business experts said the strict salary cap has helped the league's financial health since the full season stoppage. The hard salary cap is a stark difference from Major League Baseball and the National Basketball Association, which have no salary cap and a soft salary cap, respectively. But the hard cap means NHL teams have to be especially diligent. The NHL is planning to start negotiations with the NHLPA in early 2025, NHL Commissioner Gary Bettman said at this year's NHL Board of Governors meeting.
Persons: NHLPA, Rick Burton, Burton, Irwin Kishner, Herrick Feinstein, It's, Jalen Brunson, Gary Bettman Organizations: Florida Panthers, Stanley, Edmonton Oilers, Amerant Bank, National Hockey League, NHL, Toronto Maple Leafs, Columbus Blue Jackets, Official, National Hockey League Players Association, CBA, Syracuse University, Major League Baseball, National Basketball Association, National Football League, firm's Sports Law, Los Angeles Dodgers, Athletic, New York Knicks, ESPN, Governors Locations: Sunrise , Florida, American
The case for unionizing college sports teams is a precarious one, as athletes face significant barriers under federal labor law. The NCAA, along with the colleges that house sports teams, consider players amateurs and, therefore, not employees of their college. There is an NLRB case that an administrative law judge will hear this November that could open the floodgates for college teams to unionize. If the judge rules in favor of the National College Players Association, it would give both public and private college athletes the right to unionize under the NLRA, LeRoy said. Have other college sports teams tried to unionize before?
Persons: Cade Haskins, Romeo Myrthil, Michael LeRoy, LeRoy, , Jennifer Abruzzo, Haskins, Myrthil, shouldn't, Northwestern, Irwin Kishner, Herrick Feinstein, Kishner, we'll Organizations: Dartmouth, Service, NCAA, Ivy League, National Labor Relations Board, NLRB, University of Illinois, National Labor Relations, unionizing, National College Players, University of Southern, USC, National College Players Association, Ivy League Agreement, Northwestern, Sports Law Locations: Wall, Silicon, Urbana, Champaign, University of Southern California, Abruzzo, unionize, New York
The Washington Commanders are nearing a sale to an ownership group led by Philadelphia 76ers and New Jersey Devils Owner Josh Harris at just under $6 billion, a person familiar with the deal told CNBC. Harris' ownership group includes Washington D.C.-based billionaire Mitchell Rales and NBA legend Magic Johnson. Amazon founder and Washington Post owner Jeff Bezos was exploring the sale process, but decided not to make an offer, according to ESPN. For Commanders fans and former employees, progress in the sale process is welcome news. Commanders owner Dan Snyder announced in November of 2022, that he was putting the Commanders up for sale.
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