NHL tables new proposal to union
In what could be the last the chance to save the NHL season, the NHL
and NHLPA continue to meet on Wednesday.
Earlier in the day, the National Hockey League presented the NHLPA a
new CBA proposal.
The NHL proposal included a revised salary arbitration system, a
maintenance of guaranteed player contracts and a individual team
payroll range between $32-million and $42-million. It would run
through the 2010-2011 season, though the Players' Association would
hold the unilateral right to re-open the agreement after 2008-2009.
The meeting only included NHL executive vice-president and chief
legal officer Bill Daly, league outside counsel Bob Batterman, NHL
Players' Association senior director Ted Saskin and the union's
outside counsel John McCambridge.
NHL commissioner Gary Bettman and NHLPA executive director Bob
Goodenow once again sat this one out.
"The proposal features the establishment of a profit-sharing plan in
which the Players and Clubs would share fairly in the health and
profitability of the industry -- an undertaking unprecedented in the
history of major professional sports in North America," the NHL
stated in a news release. The proposed profit-sharing would be a
50/50 split when league profits exceeded a negotiated threshold.
The much-discussed issue of linkage would be reflected in the salary
range between $32-million and $42-million per team, with the limits
then being adjusted from year to year in order to reflect league
revenues. Changes in entry level contracts, arbitration and free
agency are all part of the new proposal as well. A joint accounting
and auditing procedure would be set up to severely punish clubs that
fail to disclose financial information.
The two sides had not met since last Thursday night in New York, when
the union came away unimpressed by the league's latest ideas for a
The season, meanwhile, continues to slip away. Through Wednesday, 762
of the season's 1,230 regular-season games had been scrapped.