New CBA for Canadian Football League features fixed player costs and allows league to invest in growth
“This agreement provides for increases in salary and benefits for our players, while replacing the model for player compensation with one that establishes reasonable, fixed costs,” said Michael Copeland, chief operating officer of the CFL, according to The Canadian Press. “That represents a much stronger business model for our teams, one that lays a very strong foundation.”
“We’re moving forward together under an agreement that helps our players and helps our league,” said CFLPA president Stu Laird.
“The agreement replaces a provision that had required the league to devote at least 56 percent of defined gross revenue to players’ salaries with [one that now provides for] negotiated minimum team salary and annual increases in the salary cap,” The Canadian Press reported. “This change allows teams to retain incremental revenues as they build their franchises, and it ensures players that the salary cap will grow.”
“The league is in a position now where we can truly invest in growth,” said CFL Commissioner Mark Cohon in the Toronto Sun.
For the complete report from The Canadian Press, click here.
For the complete Toronto Sun story, click here.