As the NHL and NHLPA enter the penultimate season under its collective bargaining agreement, there’s a new tone emanating from both sides: optimism.
For a league that has experienced three lockouts over the last 30 years, it’s a welcome change. The NHL and NHLPA last negotiated a CBA in 2020 — amid the COVID shutdown, when discussions were bundled with return-to-play protocols. Financials were bleak, especially for a sport quite dependent on gate revenue. In an unprecedented climate, both sides collaborated for solutions. Four years later, they all rebounded in a big way. Revenue hit a record $6.2 billion last season, as the league also set new marks in attendance and saw a spike in sponsorship revenue, thanks to evolving attitudes on sports betting, helmet decals and showcasing individual players’ personalities.
In Sportico’s recent valuations, the average NHL franchise is worth $1.79 billion — a 37 percent increase in just one year.
Last month at a Board of Governors’ meeting, NHL commissioner Gary Bettman said he’d like to start (and hopefully end) CBA negotiations early, saying “in terms of the relationship, we think we’re in a good place.”
The NHLPA’s new executive director, Marty Walsh, is equally positive these days. “Myself and Gary Bettman have had very open conversations about how this potentially could be laid out,” Walsh told ESPN in a recent interview. “Going in with an open mind, with open dialogue is how I’ve always approached collective bargaining.”
Both sides are motivated to continue momentum. And sources on both sides suggested that if a deal was reached as soon as this spring, there would likely be few changes to the overall structure, just tweaks. But from a player’s perspective, there’s only so often you can ask your boss to re-open your contract and hope to change the terms. So what exactly would they like to achieve?
Walsh agreed to an interview, but declined to speak on specific issues, saying it was premature. Walsh is currently on his annual fall tour – a series of individual union meetings with every team — to canvass players opinions. “Once we assess where we are at and what players feel, we will take next steps after that,” Walsh said.
In the interim, ESPN spoke with 21 veteran players around the NHL to get an early pulse on what issues are important to them. The players were granted anonymity to speak openly. Here is a primer of what topics are on the table and what might be feasible in a new CBA:
The biggest concern for players: Grow the pie
The one item that came up again and again with players was money. “It’s not overly complicated at this point, we need to grow revenue,” one player said. “It’s what all the other sports are doing. We don’t need to be squabbling over points; we need to make the pie larger so we can have a larger slice. This deal has been great for the owners.”
Players cited several examples on how the league’s value has ballooned. Jeff Vinik bought the Tampa Bay Lightning in 2010 for a reported $93 million. Vinik recently sold a majority stake of the team, which is now valued at $1.8 billion, per Sportico. Meanwhile players salaries have largely remained stagnant. Florida Panther star Matthew Tkachuk’s cap hit ($9.5 million) is roughly the same as what his father, Keith Tkachuk, was making in the 1999-2000 season for the St. Louis Blues ($10 million).
The NHL and NHLPA currently have a 50-50 split on hockey-related revenue. The salary cap, which is calculated based on HRR, remained largely stagnant through and directly following the pandemic to account for losses — though the league has hinted at bigger jumps the next several seasons. Players are hoping those jumps are sizable.
“Coming out of COVID was tough, and it felt like we took a lot of compromise to get to where we should be,” one player said. “Now it seems like the league has done well with HRR and hopefully that allows us to see the benefits.”
It’s unclear what economic proposals either side will bring to the table. Players uniformly felt they took a cut when the split went from 57-43 to 50-50 in the 2012 CBA. They have no appetite to decrease further, even if the league tries to argue that in other sports like the NBA or NFL, the players’ share is less than 50%. Several players wondered if the NHL could institute a luxury tax.
“We have some owners who would definitely be willing to spend over the cap,” one player said. “We should reward that. And then that money gets spread across all the owners, and for some of the smaller-market teams it puts money in their pocket.”
Players said they would like to receive a cut of future expansion fees as the league flirts with the idea of 34 teams. “We should fight for that, no doubt,” one player said. But, according to sources, that could be a sticking point for the league.
As usual, many players brought up escrow — in which the league withholds a portion of their salary until revenue is accounted at the end of the season – as something they were passionate about eliminating.
“I think a lot of guys get confused or caught up with escrow, but it’s just a mechanism for getting paid,” one player said. “We need to be focusing on the bigger picture. We want to get rid of escrow. I’m sure the owners want to get rid of guaranteed contracts. We all should be focused on how we can bring more attention and dollars to the sport.”
What could it be? The NHL should get another infusion of cash on the new Canadian TV deal, which will kick in for 2025-26. Players were optimistic about the presence of Amazon, which is dabbling with streaming games in Canada and produced an all-access show, Face Off, which got buy-in from players and the league.
Said one player: “I don’t think there’s a silver bullet, or one thing that will help revenue. But all of our energy should be focused on finding new ways to grow our sport.”
The possible tweaks
Throughout the course of the season, when matters are raised by players or at a general manager’s meeting, the answer can be a common refrain: That’s a CBA issue. So what topics since 2020 do the players feel passionately about revisiting?
The schedule: One of the most intriguing topics expected to be discussed is the schedule. Anything could be on the table, from eliminating the three-day Christmas break to reconsidering the way out-of-division games are scheduled. Restructuring the preseason became a hot topic in September after a rash of high-profile injuries including to Drew Doughty, David Reinbacher and Patrik Laine. One idea that has been floated is trimming the preseason in favor of adding two games to the regular season (putting the total at 84). Players surveyed by ESPN had mixed opinions. “There are teams scheduling eight preseason games and that’s too many,” one player said. “Some of them become s—shows, especially when you see rosters some teams put out. Some teams are playing three [games] in three days.” Veteran players acknowledged that while they generally needed only two or three to feel game-ready, the preseason contests are valuable for prospects to get evaluated. “Our preseason is just too long,” one player said. “We’re almost done with camp. Media day in the NBA was two days ago and they finished earlier than us. It’s insane. I’d take 84 games if we could start earlier.” Others were wary of the expense of a longer regular season. “Hockey is a tough contact sport. Playing those two extra games could be the difference between having a guy in the playoffs or losing him,” one player said. “Also the wear and tear on your body. You may not notice it after two games, but it all adds up. I don’t think it’s a good idea.”
Playoff format: A handful of players want to change the playoff format to a typical 1-8 seeding by conference. “A lot of guys would like to see that change, myself included,” one player said. But according to sources, there have never been substantive discussions about that at Board of Governor meetings. The league believes the format is strong and the Stanley Cup playoffs are the best postseason in sports. It would have to be a major sticking point for players to get addressed.
“The Jack Eichel issue”: In 2021, Eichel was sidelined with a herniated disc in his neck. He wanted to get an artificial disc replacement, a procedure never performed on another NHL player before. The Sabres preferred a more proven alternative. Under the CBA, teams get final say over a player’s medical care. It caused a massive rift, resulting in Eichel’s trade to Vegas, and an issue many assumed would be brought up in the next CBA. Players uniformly said they should get final say over their medical rights. And while there are some that are super passionate, many view Eichel’s situation as a rare occurrence — and not necessarily an easy tweak. One player noted they’ve actually made big strides in this department. “When I first started [11 years ago], it was super taboo to get a second opinion, like you were disobeying your team,” the player said. “Now they’ve made it so much easier, much more common. We’re in a decent place.” At its core, this CBA clause about final say on medical decisions is really about guaranteed contracts, which players do not want to relent on. Several players advocated for full benefits post-retirement. In the CBA, eligible retired players can enroll in the NHL Health and Benefits Fund and, in certain circumstances, receive a subsidy towards the cost. There have been enhancements on this over the years. For example, the offering used to be a one size fits all policy. Now, it’s more scalable. Some players want further assurances, even if it would be a massive cost. “Healthcare is a huge thing,” one player said. “We have one of the best pensions in major sports but we need an answer for health care and get full benefits.”
International events: In the past, participation in international events was atop players’ wish list. However with the upcoming 4 Nations Faceoff tournament, commitment (and progress) on scheduling a regular World Cup, and commitment to play in the 2026 Olympics in Milan, players feel they are in a good place. “Feels like the league finally met us on international play. It’s important to players and I think the league also understands its importance for the growth of the sport, even if owners are taking on the risk of a guy getting injured, and dealing with the IOC and IIHF on insurance,” one player said. But for the players it’s still important to get it in writing.
Rules and equipment: General managers have given the league feedback at their recent meetings that they would like changes to the long-term injury reserve rules, which has allowed some teams to activate players just as the playoffs begin. While some players had mixed opinions here, none felt super passionately that it needed to be addressed — though they knew the league may bring it up. The NHL also will likely discuss equipment mandates, such as neck guards.
Next-gen ideas: Some players said their agents have bugged them about ideas for the next generation, such as changing the draft age to 19, shortening the draft, or finding an out to the Canadian Hockey League and NHL agreement that stipulates teenagers must be returned to their junior clubs if they aren’t on the NHL roster. The NHL and CHL agreement is separate from the CBA. And with a massive sea change coming – the NCAA is considering changing eligibility rules regarding CHL players – it’s tough to predict what is feasible here. But many of the draft-related ideas have not received traction, according to sources.
What’s next in the process?
Walsh and his top lieutenant Ron Hainsey — a defenseman who retired from the league in 2021 — are continuing their fall tour, which is expected to stretch into December. Discussions on the tour will help shape points of emphasis for negotiations with the league. Walsh said he is in no rush.
“It’s really dictated by the players,” Walsh said. “It depends on where we are with the players, what the players want to do. I mean, this is their association. We’ll talk to the entire team and then we follow up with player reps and follow up individual players who are interested in this stuff. Players are everyday people. They’re busy with life and family and everything else. So some players want to get very engaged and some just want to support their teammates.”
If the sides come to a resolution by June, there is nothing that prevents a new CBA from going into effect before the prior one is completed. So if both parties agree, the new CBA could theoretically begin as soon as next season.
Walsh was hired in February, 2023 after an exhaustive search. He was the longtime mayor of Boston before serving as the U.S. Secretary of Labor. Players on the search committee said they liked Walsh’s political background — his ability to communicate, form relationships and garner support. He’s remained accessible, giving all 750-plus members of the union his cellphone number.
“I think guys are feeling really confident being led by Marty,” one player rep said. “He has good energy, a good feel for the CBA, the league and also how to develop relationships with Gary [Bettman] and work with the league. We know issues are going to come up, but we feel like he’ll get them resolved.”
One question several players wondered: Who will exercise their voice and help in the fight? The NHL’s new marketing campaign is all about Gen Z as Connor McDavid, Auston Matthews and Connor Bedard become the new faces of the league. In the past, Sidney Crosby has been very opinionated on league issues behind the scenes, then goes through proper channels.
“Other sports that are seeing a lot of success are driven by their stars, and that’s where we want to be,” one player said. “Patrick Mahomes, LeBron James, they’re at the forefront of league issues. That matters.”
Walsh said it was too early to identify which players might be the spokespeople for the union. “Depends on how negotiations are going,” he said.
Pittsburgh Pirates right-hander Jared Jones will undergo surgery on his right elbow Wednesday and will miss the remainder of the season, the team announced.
Jones, who was slated to be the team’s No. 2 starter this season, has been on the injury list with a UCL sprain in his right elbow. His recovery was trending in the right direction before a setback last week in which he felt discomfort while doing long tosses (100 feet).
Pirates senior director of sports medicine Todd Tomczyk said Jones, 23, visited elbow surgeon Dr. Keith Meister on Tuesday and made the decision to proceed with the surgery. A time frame for Jones’ return has yet to be established.
Jones went 6-8 with a 4.14 ERA in 22 starts during his rookie season in 2024, though he did miss time because of a lat injury.
Pittsburgh had hoped Jones would be featured near the top of the rotation, along with reigning National League Rookie of the Year Paul Skenes and veteran Mitch Keller.
Tomczyk said surgery was one of the options presented to Jones at the time of the injury, but Jones, with the support of the club and other medical experts, opted for rehab to give him a “fighting chance” to pitch in 2025.
Jones was shut down for six weeks, then began throwing from 60 feet in late April without issue. It wasn’t until the program was extended to 100 feet that Jones felt discomfort.
First baseman Enmanuel Valdez will also miss the rest of the season after having surgery on his left shoulder.
The Associated Press and Field Level Media contributed to this report.
Four teams remain in the race for the Stanley Cup. The race for most valuable player of the NHL postseason is a bit more crowded.
Here’s the latest Conn Smythe Watch for the 2025 postseason. We asked over two dozen national writers and beat writers who are covering the conference finals for their top three MVP candidates after two rounds of play. Ballots were collected and tabulated before Game 1 of the Eastern Conference finals.
Keep in mind that in the NHL, the Conn Smythe is based on a player’s performance during the entire postseason, not only the championship round. The award is voted on by an 18-person panel of Professional Hockey Writers Association members.
The current MVP leader
For the second straight round, Rantanen leads the Conn Smythe Watch as he helped lead the Dallas Stars to their third straight conference finals. Through 13 postseason games, he leads all playoff scorers with 19 points, including a playoff-best nine goals.
Rantanen was the only player to appear on every ballot we surveyed from the writers. Only two voters had him anywhere but first place for the Conn Smythe — one national writer had him second, and a beat writer had Rantanen third on their ballot.
As Dallas coach Peter DeBoer put it: Rantanen is playing as if he’s “on a mission.” He was a one-man wrecking crew against his old teammates from Colorado, the team that traded him earlier this season rather than sign him to a contract extension. He did more damage against the Winnipeg Jets in the second round with a Game 1 hat trick on the road.
Rantanen cooled off a little bit later in the series, with one assist in the last three games of the series. But his accomplishments to that point made him the clear MVP in the eyes of our panelists. He’s the first player in NHL history with five three-point games through a team’s first 10 playoff games in a single postseason. He set another NHL record by either scoring or assisting on 13 consecutive goals by his team. At one point, Rantanen had factored in on 15 of 16 goals for Dallas.
One voter noted that the “crazy solo efforts he has had in a couple of games” makes him an obvious choice.
Or as another voter put it: “It’s almost hard to believe the dominance he’s displayed.”
One thing to consider about Rantanen: He has the narrative. The “revenge tour” against the Avalanche in the first round was part of a larger story about proving he’s worth his big new contract with Dallas and that he can thrive as an offensive star without Nathan MacKinnon and Cale Makar on his team.
“When you think about his journey this year, he’s been through a lot,” DeBoer said. “There’s been a lot written about him. There’s been a lot said about him. There’s been a lot of doubters out there.”
So far, Rantanen has silenced them.
play
1:03
Kevin Weekes’ players to watch in ‘epic’ Oilers-Stars showdown
Kevin Weekes lays out what to expect from the Western Conference finals rematch between the Edmonton Oilers and the Dallas Stars.
The other favorites
This is where we need to reiterate that the ballot tabulation was done before Game 1 of the Eastern Conference finals.
Andersen was the clear second choice among voters before he faced the Panthers. He was voted second for playoff MVP on 47% of the ballots we surveyed.
Before Game 1, he had allowed only 12 goals in nine games for a .937 save percentage and a 1.36 goals-against average. “His stats are mind-blowing when you think about how good Washington’s offense should have been in that series,” one voter said.
After giving up five goals on 20 shots to Florida in Carolina’s Game 1 loss — not all of them his fault entirely — Andersen’s save percentage dropped to .919 while his goals-against average rose to 1.74.
It’s possible that Andersen and Florida goalie Sergei Bobrovsky will see their spots in this ranking flip during the series. But it was only one game, and Andersen’s numbers at home before that loss to the Panthers were quite good.
McDavid was also in the top three in the last round. In the 2024 postseason, the Edmonton star became only the second player in NHL history to win the Conn Smythe in a losing effort, as the Oilers fell in Game 7 of the Stanley Cup Final to the Panthers. Now, he’s trying to become the fourth player ever — and the first player since Sidney Crosby (2016-17) — to win consecutive Conn Smythe trophies.
Through 11 games, McDavid has 17 points (three goals, 14 assists). His 1.55 points-per-game average leads all players still active in the postseason. Through 11 games last season, McDavid had 21 points. But that has been one of the things that defined this Oilers’ run to the conference finals: They haven’t needed McDavid and Leon Draisaitl to drag them there on their own. Perhaps that has been reflected in the voting.
For what it’s worth, McDavid is the favorite to win the Conn Smythe on ESPN BET, at +325, ahead of Rantanen (+350) as of Tuesday night.
play
1:46
Jake Oettinger: McDavid will go down as the best player of all time
Stars goaltender Jake Oettinger joins “SportsCenter” to preview Dallas’ series against Connor McDavid and the Oilers.
Making their cases
These two players received the next highest number of votes outside the top three.
It was notable that one beat writer had Oettinger first overall on their ballot, with Rantanen third. That might be a little bit of recency bias: Rantanen did most of his damage at the end of the first round and early in the second, and Oettinger was a difference-maker in all four of the Stars’ wins against Winnipeg, including Game 7, when he stopped 22 of 23 shots. As dominant as Rantanen was in Game 7 against the Avalanche in the first round, Oettinger made 25 saves and was brilliant late in that elimination game to preserve the win.
Overall, Oettinger has a .919 save percentage and a 2.47 goals-against average in 13 games for Dallas. But he has some work to do: The Stars goalie appeared on only three ballots in total, with one first- and two second-place votes.
Draisaitl is right behind McDavid in scoring with five goals and 11 assists in 11 games for the Oilers. He made the top three on four ballots, with two second-place and two third-place votes.
In his favor are two overtime goals: in Game 4 against the Los Angeles Kings in the opening round to even their series, and then in Game 2 in Las Vegas to give the Oilers a 2-0 series lead. He also had the primary assist on Kasperi Kapanen‘s series-clinching goal in Game 5 against Vegas.
Those moments more than balance one of the lowest points of Draisaitl’s postseason, when Reilly Smith of the Golden Knights scored with 0.4 left in Game 3 on a shot that deflected off of Draisaitl’s stick.
One thing to remember with Draisaitl’s MVP case is the praise he’s receiving for his two-way game. As the Oilers have become one of the best defensive teams in the postseason, posting back-to-back shutouts to end the Golden Knights, Draisaitl could get a portion of the credit.
“You often think of those guys who are putting up a lot of points, they neglect the defensive responsibilities,” Edmonton coach Kris Knoblauch said before the conference finals. “Leon has never neglected his defensive responsibilities. In fact, if I was to show clips on how to backcheck and how to work, getting above the opposition, Leon would be the leading guy on all the clips that I can find, and he’s the one who does it the best.”
Some Panthers finally make the list! In fairness, that’s a tribute to the balance and depth that Florida has shown through two rounds. The team had 11 players with at least six points through their series win against the Leafs.
Bobrovsky didn’t have stellar numbers entering the conference final (.901 save percentage) thanks to four games in which he gave up four-plus goals. But Playoff Bob has emerged when he’s needed — like in the last four games of the Maple Leafs series and in Game 1 against Carolina, where he might have been the difference in that 5-2 win.
“I try to stay with one moment and not try not to think about the future or past,” he said after Game 1. “So it’s one moment, one save at a time. And that’s pretty much it.”
Marchand was tied for the team lead in points (12) after two rounds, and really made a statement in the MVP race with his Game 7 dagger against Toronto. He also had a critical Game 3 overtime winner after the Leafs took a 2-0 lead in the series.
Both Marchand and Bobrovsky showed up on two ballots. Bobrovsky earned one second-place vote.
Svechnikov was also on two ballots, both third-place votes. The Hurricanes winger was second in the postseason with eight goals after two rounds.
Slavin had two goals and two assists in 10 games, including the overtime winner in Game 1 against the Capitals. He has had an outstanding season, including a much-lauded performance in the 4 Nations Face-Off for Team USA. He also earned a ringing endorsement from Capitals coach Spencer Carbery after Carolina eliminated Washington. “How he’s not in the Norris Trophy conversation every single year, it doesn’t seem right,” the coach said. “He’s one heck of a player.”
Jones has been really strong for the Panthers, especially in their Game 7 win in Toronto. Through two rounds, Luostarinen was tied with his linemate Marchand for the team lead with 12 points, but now leads the team with 13 points after his Game 1 goal against Carolina — remarkably, his 12th point in eight road playoff games.
The NHL’s Western Conference finals matchup is set for 2025: The Dallas Stars and Edmonton Oilers are poised to square off to determine which club will represent the West in the Stanley Cup Final.
To help get you up to speed before the next round begins Wednesday on the networks of ESPN, we’re here with key intel from ESPN Research, wagering info from ESPN BET and more.
Paths to the conference finals:
Stars: Defeated Avalanche in seven, Jets in six Oilers: Defeated Kings in six, Golden Knights in five
Schedule:
Game 1: Oilers at Stars | May 21, 8 p.m. (ESPN/ESPN+) Game 2: Oilers at Stars | May 23, 8 p.m. (ESPN/ESPN+) Game 3: Stars at Oilers | May 25, 3 p.m. (ABC/ESPN+) Game 4: Stars at Oilers | May 27, 8 p.m. (ESPN/ESPN+) Game 5: Oilers at Stars | May 29, 8 p.m. (ESPN/ESPN+) Game 6: Stars at Oilers | May 31, 8 p.m. (ABC/ESPN+) Game 7: Oilers at Stars | June 2, 8 p.m. (ESPN/ESPN+)
The Oilers are the first Canadian team to make consecutive conference finals appearances since the Toronto Maple Leafs in 1993 and 1994. The only Canadian clubs to make consecutive appearances in the final four in the NHL’s expansion era (since 1967-68) are the Montreal Canadiens (three times), Oilers (three times) and Maple Leafs.
Edmonton advanced to the conference finals for a second straight year and for the third time in the past four postseasons, dating to 2022. The Oilers reached the conference finals in consecutive postseasons for the first time in 33 years, and fourth time in franchise history (1990-92; 1983-85; 1987-1988).
This is the 12th time in franchise history that the Oilers have reached the conference finals. The Oilers tied the Chicago Blackhawks for most final four appearances since Edmonton’s inaugural season in 1979-80.
McDavid and Zach Hyman each have six career goals in the conference finals, which is tied with Dave Hunter for sixth in franchise history. Kurri (28), Messier (23), Anderson (21), Gretzky (14) and Simpson (11) are ahead of them.
Kris Knoblauch became the first head coach in 18 years — and seventh during the NHL’s expansion era (since 1967-68) — to reach the final four in each of his first two seasons. He joined Bob Hartley (four from 1999 to 2002), Scotty Bowman (three from 1968 to ’70), Randy Carlyle (2006, 2007), Lindy Ruff (1998, 1999), Mike Milbury (1990, 1991) and Jean Perron (1986, 1987).
Stars
The Stars advance to their third straight conference finals. They join the Tampa Bay Lightning in 2020-22, Chicago Blackhawks in 2013-15, Los Angeles Kings in 2012-14 and Detroit Red Wings from 2007-09 as the only teams in the salary cap era (since 2005-06) to make it to three straight conference finals.
Stars coach Peter DeBoer now is going to his eighth conference finals/Stanley Cup semifinals in his coaching career, which breaks a tie with Fred Shero for third among coaches in the expansion era (since 1967-68) and trailing only Scotty Bowman (16) and Al Arbour (11).
DeBoer is the fourth coach in the expansion era to reach the conference finals/Stanley Cup semifinals in each of their first three seasons with a team, joining Darryl Sutter with the Kings (2012-14), Bob Hartley with the Colorado Avalanche (1999-2001) and Scotty Bowman with the St. Louis Blues (1968-70).
The Stars won two of three games against the Oilers in the regular season, outscoring them 12-9. Jason Robertson (four goals, two assists) and Roope Hintz (goal, five assists) led the Stars with six points in those games.
Mikko Rantanen begins this series as the playoff leader in goals (nine) and points (19) through 13 games. That’s the most goals in a single postseason in his career, and he’s on pace to shatter his single-playoff points high of 25, set in the Avalanche’s 20-game run to the Cup in 2022.