NHL teams
Katie Strang, ESPN.com 10y

Source: First payment in October

NHL

NHL players who sat through the 2012-13 lockout will receive the first of three annual installments of collectively bargained "transition payments" in October, a source confirmed to ESPN.com.

In these installments, players will receive $190,000 for every $1 million in base salary, based on that player's 2012-13 contract.

Take, for example, Montreal's P.K. Subban, whose base salary was $2 million for the 2012-13 season. He will receive $380,000 from the three transition payments beginning next month.

The NHL will dole out $100 million for the following three years, fulfilling the agreed-upon transition payments as governed by the CBA, to compensate for players' lowered share of league revenue.

The news was first reported by Sportsnet earlier this week.

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