The NHL has issued a warning to the short term investment community.
The league announced Friday it is suspending all long term player contracts for 2018-19.
It was first reported by TSN and the Ottawa Citizen.
The NHL says the change will impact the majority of its players, with a few exceptions.
It is also affecting its players who are eligible to be bought or sold through the league’s newly formed NHLPA.
The league says that the move will have no impact on players who already have signed long term contracts.
This change is going against the league, it will affect the majority, it’s not going to affect the vast majority of players who signed long-term contracts.
I believe in the long-run it’s the right thing to do, said NHLPA Executive Director Donald Fehr, adding the move has to be done.
The league also said it will not renew players’ contract extensions through 2019-20.
Players can opt out of their deals by Feb. 1, 2019.
Players can also opt out during the 2018-2019 season, when their contract expires.
The new rules will apply to all 30 teams in the National Hockey League.
They include:A player must earn at least $2 million per season to qualify for the 2019-2020 and 2021-22 seasons, and must earn $1 million or more for the 2024-25 and 2025-26 seasons.
The player must also have at least 20 NHL games played and not less than 30 games played in the previous season.
A player will have to have a minimum salary of $2.5 million for the first two seasons, $2,250,000 for the next two seasons and $3 million for each of the following four seasons.
A player can make up to $7.5 and $8.5 per game in the first four years of a contract, up to a maximum of $15,000 per season.
The NHLPA also said players will have more flexibility to negotiate long term deals.
It said it is working with players and negotiating teams to find a solution.
It also said the NHL is making a number of changes in how it handles trade negotiations, which could create a bidding war.
A new trade exception, known as the “CBA-1 exception,” will be available in the 2018 and 2019 seasons, giving teams more flexibility in negotiations.