NHL players are expected to receive signing bonuses for July

According to TSN Hockey Insider Bob McKenzieNHL, players who have signed contracts with the rule confirming signing bonuses paid out on July 1 are all expected to receive these bonuses as scheduled.

However, because the incoming Wednesday is Canada Day north of the border while the July 4 holiday in the U.S. is about to take place, therefore, some of these payments might be called off to next week.

The NHL and NHLPA have been currently working on different negotiations to come up with the final plan to bring back a Return To Play this summer. According to the McKenzie, the negotiations being made have brought out some possible plans, including a possible extension of the collective bargaining agreement, which will expire soon in 2021-22. More negotiations in terms of Phase 3 and Phase 4 protocols and a possible CBA extension will be set up soon and are now planned to take place on Tuesday night, McKenzie shared detailedly. Both players and organizers have the clue that time is now tight for both sides, therefore, a deal must be done as quickly as possible.

Luckily, McKenzie also gave the information that the NHLPA will hold a membership vote on Phase 3/4 RTP protocols and a CBA extension would take place by this weekend. However, this will still has to depend on where these previous talks go to.

The league together with the Players‘ Association are trying to reconcile about the overall expenditure for signing bonuses, which is now at the cost of over $300 million.

McKenzie posted a new status on Twitter revealing the fact: „Also TBD in next few days, if players are deferring 10 per cent of salary for 20-21 (as may be the case), does it apply to SB monies owed now. Still some sorting out on these issues,“.

„Escrow will also need to be factored in on SB but at what rate? Projected 20 per cent figure for 20-21? Or a lesser number than that?“ He added/

Due to the large effects of Covid-19, the regular ice hockey season was called off to March 12, one day after Rudy Gobert of the NBA’s Utah Jazz was announced to be positive for COVID-19 and a lot of sports tournaments also made the decisions to stop all of public competing activities afterwards.