Proposal details starting to surface
Tuesday, February 15, 2005

More details are starting to surface about what both the NHL and NHLPA offered in last night's bargaining session in Niagara Falls, New York amid speculation that the league could present a counter-offer at some point today.

The players' cap proposal apparently had some exceptions that would have allowed teams to spend over the $52 million dollar limit by 10 percent three times in six years.

According to TSN the players proposed an upper limit of $52 million with the provision that teams would be allowed to spend as much as ten percent over that limit three times during a six-year period.

The PA's proposal also called for a luxury tax system that would be structured as follows:

  • 25% on payrolls from $40 million to $44 million

  • 50% on payrolls from $44 million to $48 million

  • 100 % on payrolls from $48 million to $52 million

  • 150 % on payrolls from $52 million to $57.2 million

The league's proposal, according to TSN, was a $40 million team salary cap with a 50% luxury tax on payrolls from $34 million to $40 million. Sportsnet put the luxury tax threshold at $36 million to $40 million, but with the same 50% tax.  The league has reportedly dropped its insistence on a link between player costs and league-wide revenues.

TSN reported NHLPA sources as indicating the PA may come down on the $52 million dollar figure only if the league guarantees some meaningful revenue sharing among teams.

  

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