NHLPA rejects latest offer
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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
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
-- 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
-- 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
-- A 62 per cent increase in the league's minimum salary to $300,000
-- 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