Kukla's Korner Hockey
by Paul on 08/29/12 at 11:16 AM ET
from Chris Johnston of the CP at the Winnipeg Free Press,
Details of the proposal were provided to The Canadian Press by a source. The NHL has drawn up a six-year deal that includes three years at a fixed salary cap — similar to the NHLPA's proposal two weeks ago — before returning to a system where the cap is based on overall league revenues with a 50-50 split.
According to the source, the offer doesn't include rollbacks for current contracts, meaning Sidney Crosby would earn all $104.4 million of the 12-year extension he signed with Pittsburgh earlier this summer and Zach Parise and Ryan Suter could each collect the $98 million they were promised by the Minnesota Wild....
The NHL's latest proposal would call for a dramatic change next season. According to the source, players are being asked to give back 11 per cent in 2012-13, which would set the salary cap at $58 million — more than $12 million less than where it would have been under the expiring CBA.
While current contracts wouldn't be rolled back like they were in 2005, players would have to pay more in escrow to accommodate for the lowered cap. Modified rules on contracts would also be introduced.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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