the gomez award

macneil · Guru

the gomez award

Jay1982 · Guru

48 hours after the teams final arbitration hearing. meaning that a team like buffalo will have up until 2 days after the very last hearing to make a decision on what to do.

macneil · Guru

not so jay i found this at tsn at it comfirms my thought .

The following NHL players, all restricted free agents, have elected salary arbitration. Hearings will be held starting July 20. Arbitrators can only hand out one or two year awards. Arbitrator decisions must be made within 48 hours of the hearing, and teams then have 48 hours to accept the contract or walk away, immediately making the player an unrestricted free agent.

heet_150 · Guru

My guess would be that it is 48 business hours, so you can expect notice any time tonight. (The 21st was a Friday, therefore Monday = 24 hours and Tuesday = 48 hours)

Jay1982 · Guru

macneil wrote:

not so jay i found this at tsn at it comfirms my thought .

The following NHL players, all restricted free agents, have elected salary arbitration. Hearings will be held starting July 20. Arbitrators can only hand out one or two year awards. Arbitrator decisions must be made within 48 hours of the hearing, and teams then have 48 hours to accept the contract or walk away, immediately making the player an unrestricted free agent.

Could be, thats what i originally thought, until someone else told me what I explained, I thought it made sense, however, i guess I was wrong to believe him lol.

Anyways, I skimmed though this:

12.6. Walk-Away Rights.

1. If a Club has elected to arbitrate a one year contract, and the award issued is for $550,000 or more per annum, then the Club may, within 72 hours after the award of the Arbitrator is issued (or if a Club has any other player still eligible for salary arbitration at that time and for whom a decision has not been rendered by an Arbitrator at that time, and the Club still has a walk-away right available to it in such League Year pursuant to paragraph (d) below, 72 hours after the award of the Arbitrator for such other player is issued), notify the player, the NHLPA and the NHL in writing that it does not intend to tender to the player a Player Contract based on the award as determined by the Arbitrator. Upon receipt of that notice, the player shall automatically be deemed to be an Unrestricted Free Agent, subject to the provisions of paragraphs (c) and (d) below.

2. If a Club has elected to arbitrate a two year contract and the award issued is for $550,000 or more per annum, then the Club may, within 72 hours after the award of the Arbitrator is issued (or, if a Club has any other player still eligible for salary arbitration at that time and for whom a decision has not been rendered by an Arbitrator at that time, and the Club still has a walk-away right available to it in such League Year pursuant to paragraph (d) below, 72 hours after the award of the Arbitrator for such other player is issued), notify the player, the NHLPA and the NHL in writing that it does not intend to tender to the player a two year Player Contract based on the award as determined by the Arbitrator. Upon receipt of that notice by either the player or the NHL, the player and the Club shall enter into a one year Player Contract providing for the Compensation set forth in the award and the player will automatically be deemed to be an Unrestricted Free Agent at the conclusion of that one year Player Contract subject to the provisions of paragraphs (c) and (d) below.

3. If a Club exercises its walk-away right, the following applies:

1. If the player accepts an offer from a New Club in respect of that year of the contract which the Prior Club has walked-away from that is less than 80% of the award for such year, the Prior Club may, within seven (7) days after the date it receives the applicable Offer Sheet, elect to match the offer of the New Club and the Player and the Prior Club shall enter into a Player Contract on those terms and conditions; or

2. The player may (A) within seven (7) days after receipt of notice from the player's Prior Club that the Prior Club elects to walk-away from the arbitration award, in respect of the Prior Club's request for a one year contract, or (B) by July 15 of the League Year following the expiry of the first year of the award issued by the Arbitrator where the Club had requested a two-year contract, in either case by written notice to the Club, elect to enter into a Player Contract with the Club on the terms and conditions set forth in the Prior Club's Qualifying Offer. If such election is timely exercised, the Club must enter into such contract and, at the end of the term thereof, the Player shall be a free agent subject to the provisions of Article 10.

4. Notwithstanding the provisions of paragraphs (a) and (b) above, a Club may exercise the walk-away rights referred to therein not more than 3 times in any contiguous two League Years and in any event not more than twice in any League Year. If a Club exercises its walk-away right with respect to a two year award, the walk-away right shall be deemed to be exercised in the first year of the two year contract.

5. The dollar amount of $550,000 set forth in each of paragraphs (a) and (b) above, shall be increased on an annual basis at the same percentage rate of increase as the Average League Salary, with the commencement of the 1996/97 League Year being the first year such increase shall take effect. By way of example, if the Average League Salary on June 30, 1996 has increased by 10% from the Average League Salary on June 30, 1995, then the figure of $550,000 stated in paragraphs (a) and (b) above, shall be increased by 10% on June 30, 1996, and the ability of a Club to walk-away from an arbitration award rendered after June 30, 1996, shall be adjusted accordingly. For each League Year thereafter, a similar comparison and adjustment shall be made.