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NHLPA rejects latest offer

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  • billbarrisles
    http://www.sportsnet.ca/hockey/article NHLPA rejects latest offer While the two sides continue to meet a source tells Sportsnet the NHL made its proposal
    Message 1 of 1 , Feb 2, 2005
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      http://www.sportsnet.ca/hockey/article

      NHLPA rejects latest offer

      While the two sides continue to meet a source tells Sportsnet the NHL
      made its proposal today, one that was almost immediately rejected by
      the Player's Association. Details to follow.

      (CP) -- The NHL turned up the heat Wednesday, releasing details of
      its new proposal to the NHL Players' Association.

      As expected, the offer includes a salary cap linking revenues and
      player costs.

      The meeting which started just past 10 a.m. EST was still going in
      the early afternoon at an undisclosed location in the New York area.

      By releasing details of the proposal, the NHL no doubt hopes to put
      pressure on the players to accept it. Or at least pressure the NHLPA
      executive to put it to a vote.

      The league's offer included a new component in a profit-sharing plan
      between players and clubs. The players and owners would share the
      profits 50-50 after a certain profit threshold is reached.

      The highlights of the league proposal:

      -- The deal would cover six full seasons, including 2010-11 with
      a "unilateral right granted in favour of the union to re-open the
      agreement after the fourth full season;"

      -- A league-wide fixed link guaranteeing that player costs won't take
      up more than 55 per cent of total revenues; that's up from 54 per
      cent in the league's Dec. 14 offer.

      -- A "floating team payroll range" -- with a base of $32 million US
      and a top limit of $42 million although that would be "adjusted every
      year to reflect changes in league-wide revenues." In other words, the
      fixed link between player costs and league revenues takes precedence
      over the $42-million figure.

      -- The maintenance of guarantee player contracts.

      -- A profit-sharing plan to which the players would share in "league
      profitability over a negotiated level on a 50-50 basis."

      -- The implementation of a jointly monitored accounting and audit
      function, with multimillion-dollar fines, and forfeited draft
      choices -- the penalty for failure to disclose required financial
      information.

      -- The establishment of a joint owner-player council to discuss
      various business and game-related issues.

      -- Plans for a shortened regular season this year with a full
      playoff, but splitting some revenues from the post-season to "ensure
      that the players receive the agreed-upon 53 per cent of league
      revenues."

      -- A revised entry level system which preserves each player's ability
      to negotiate performance bonuses and "which incorporates an
      additional league-wide bonus structure for outstanding performance on
      a league-wide basis." That's a step in the players' direction after
      taking away all bonuses in Dec. 14 offer.

      -- A revised salary arbitration system with expanded election rights
      for both players and clubs; the league had totally abolished the
      system in its Dec. 14 offer.

      -- A proposed reduction in the age for unrestricted free agency from
      31 to 30, "with a possible further reduction to age 28 (tied to
      salary arbitration)."

      -- A 62 per cent increase in the league's minimum salary to $300,000
      per year.

      -- The use of a payroll tax on clubs within the floating team payroll
      range "at the union's sole discretion."

      -- The union's offer of 24 per cent across-the-board salary rollback
      for all remaining years of all existing contracts is accepted by the
      league.
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