The NHL announced Wednesday it is making its 2018-2019 season prices significantly cheaper.
The NHLPA announced it is asking for $1.6 billion in savings for the 2019-20 season, which starts on Oct. 31.
The new prices, which include all players, will apply to the NHLPA’s bargaining unit, which is comprised of the NHL, the NHL Players’ Association, the National Hockey League Players’ Union and other teams and players’ associations.
Under the new deal, teams will receive a $1 million raise per player, up from $900,000, while the NHL will receive $500,000 to $1,000 and the NHLP will receive an additional $500 per player per season, up to $3.5 million, with players earning the full $4.75 million for the upcoming season.
The full NHLPA-NHLPA deal is set to be approved by the union’s board of governors at a meeting in Boston on March 26.
The union has been lobbying for a deal for nearly a year, with the NHL’s offer of $4 million to $5 million being the lowest.
The changes come in response to players expressing discontent with the way their union has treated the NHL in recent years, with many players feeling that the NHL has overcharged them for tickets, merchandise and other benefits.
The union has proposed changes to the way players earn their bonuses and has proposed raising the salary cap to $70 million from $50 million, which would allow the league to increase revenues by another $2.2 billion.
Under their proposed agreement, the players would receive an increase of $100,000 for each player they earn above $1-million in the previous season.
The salary cap increase would be $75 million, while a new league-wide collective bargaining agreement would be required.
The salary cap increases will increase from $70-million to $75-million, and the union would receive $2 billion in additional revenue.
The unions agreement also calls for the NHL to increase its annual cap figure to $90 million.
The cap is set at $70.5-million.