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Oh, oh, oh, me, me, me... 
I know the answer!
According to an NHLPA statement, Daly began the process Monday by offering a $40-million salary cap without ''linkage'' - a fixed link between player costs and league revenues, which has long been the centrepiece of the NHL's bid for cost certainty.

The union counter-offered with the $52-million team-by-team salary cap. The players' proposal also featured more aggressive payroll tax thresholds and tax rates on team payrolls. (TSN)

$46 million?
More likely $45 or $44.

Get it done. I want to watch the ensuing debacle of an NHL season.

Update - more information:
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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