| Dear Gary, This is in reply to your most
recent letter.
1. Your claim that the Clubs ''cannot afford'' our
proposal is based on your hypothetical fear of what would happen
if every team spent to the $49 million level the Players have
proposed. The notion that ''every Club'' will spend at the
$49 million level is contradicted by years of actual payroll
experience under the old CBA system and by Exhibit 12 of your
December 14 document (attached for your recollection), in which
you projected 24 teams well below the $49 million level after
the rollback. Further, this experience is based on an
environment without revenue sharing, taxes on team payrolls and
the numerous new system restrictions.
2. Based on your own calculations from Exhibit 12, over
21 Clubs are spending significantly less than your team payroll
limit number of $42.5 million. I am at a loss to
understand how you suggest your offer earlier today represents a
$75 million dollar increase when it only impacts the spending of
nine teams!
You will receive nothing further from us.
Regards,
NATIONAL HOCKEY LEAGUE
PLAYERS ASSOCIATION
Robert W. Goodenow
Executive Director & General Counsel |