During a Thursday meeting between the National Hockey League and the NHL Players' association, the league's owners made two new collective bargaining agreement proposals to the union. Both offers included a salary cap.
One offer centered around a de-linked cap set at $37.5 million. The league's last offer in February included a de-linked cap at $42.5 million.
The second offer proposed a linked cap at 54% of league revenues, down from the 55% included in the league's most recent linked offer.
After the meeting, the NHL released the following statement:
"We made another collective bargaining proposal today which offered the Union a choice of two approaches for moving forward," Daly said. "The first proposal was based on the 'de-linked' salary cap framework that was on the table when the season was cancelled in mid-February. We indicated that to the extent this was a framework that the Union remained interested in pursuing, the League would be prepared to continue negotiations -- provided an agreement could be achieved within the next several weeks.
"Alternatively, we proposed a negotiated relationship between total Player Compensation and League-wide revenues, which we made clear was our preference.
"The Union deferred responding to our new proposal, pending internal discussions it intends to conduct over the next week. We will have no further comment at this time regarding the precise details of our proposal."
The Players' Association also released a statement.
"Last week, Gary (Bettman) asked me how to resume discussions for a new CBA. I told Gary to bring forward any proposal that he believed would be of interest to the players. Today, Gary gave us two salary cap proposals. Both proposals were very similar to ones that we previously rejected several times. We will be determining our next steps and responding at the appropriate time."
With the 2004-05 season cancelled, the owners would like to have a new CBA in place in time for the NHL Entry Draft. The players, who wouldn't be paid after the season ended anyway, could wait longer.
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