Even though the NHL rejected this offer, it is good to see that the players will now accept a cap, now they just need to find some even ground for a number which they both agree on, and they need to fix the numbers for the luxury tax as well, I believe that the NHLPA can compromise on the cap number, but the Luxury tax is a whole different thing. 40 Million is too low in my opinion, that's what the NHL is offering and 52 is a bit too high. I think they could come to settle on a cap of 45 million, for the top end and 35 for the bottom end. Who knows we may see the NHL back next year. I'm giving kudos to the NHLPA for the first time ever today, it's good to see they've become more realistic in their proposal approaches.
Now that the NHL Players' Association has gotten over the ideological hump of living with a "salary cap," and the NHL is prepared to live without "linkage," players are mulling over the rival concepts presented yesterday by the league and the union.
Details of both proposals have been posted on The Source, the NHLPA's secure website for players.
Sources say the NHLPA proposal is as follows:
- A cap of $52 million but with provisions for teams to spend as much as 10 per cent more than that on three occasions in a six-year period, with a luxury tax incorporated. The luxury tax rates would be 25 per cent on $40-44 million; 50 per cent on $44-48 million; 75 per cent on $48-52 million and 150 per cent on $52-$57.2 million.
Sources say the NHL proposal is as follows:
- A hard cap of $40 million, with a 50 per cent luxury tax on $34-40 million.
As for the possibility of negotiations, sources on the NHLPA side are suggesting the union will only negotiate off the $52 million figure if the NHL presents a detailed, meaningful revenue sharing plan.
On the NHL side of the equation, sources are suggesting the league isn't prepared to go much higher than the $40 million cap figure.
So it's a matter of trying to bridge a $12 million (per team) gap with the clock running towards the league's scheduled 1 p.m. (EST) announcement to cancel the season.
Now that the NHL Players' Association has gotten over the ideological hump of living with a "salary cap," and the NHL is prepared to live without "linkage," players are mulling over the rival concepts presented yesterday by the league and the union.
Details of both proposals have been posted on The Source, the NHLPA's secure website for players.
Sources say the NHLPA proposal is as follows:
- A cap of $52 million but with provisions for teams to spend as much as 10 per cent more than that on three occasions in a six-year period, with a luxury tax incorporated. The luxury tax rates would be 25 per cent on $40-44 million; 50 per cent on $44-48 million; 75 per cent on $48-52 million and 150 per cent on $52-$57.2 million.
Sources say the NHL proposal is as follows:
- A hard cap of $40 million, with a 50 per cent luxury tax on $34-40 million.
As for the possibility of negotiations, sources on the NHLPA side are suggesting the union will only negotiate off the $52 million figure if the NHL presents a detailed, meaningful revenue sharing plan.
On the NHL side of the equation, sources are suggesting the league isn't prepared to go much higher than the $40 million cap figure.
So it's a matter of trying to bridge a $12 million (per team) gap with the clock running towards the league's scheduled 1 p.m. (EST) announcement to cancel the season.
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