NHL’s latest offer adjusts term limits, salary variance

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This article was published 28/12/2012 (5016 days ago), so information in it may no longer be current.

WINNIPEG — The NHL has confirmed it has tabled a revised offer for its players in the continuing labour impasse that has shut down the league since Sept. 15.

NHL deputy commissioner Bill Daly issued a statement late this morning confirming the offer.

In a release, Daly made the following comments: “In light of media reports this morning, I can confirm that we delivered to the Union a new, comprehensive proposal for a successor CBA late yesterday afternoon. We are not prepared to discuss the details of our proposal at this time. We are hopeful that once the Union’s staff and negotiating committee have had an opportunity to thoroughly review and consider our new proposal, they will share it with the players. We want to be back on the ice as soon as possible.”

The league is said to have moved its offer for term limits on contracts from five years to six, and to have moved off the year-to-year allowable salary variance from five per cent to 10 per cent.

It’s also believed the NHL has proposed that one “compliance” buyout be allowed in transitioning to a new system. That means each team would be permitted to buy out one player’s contract in order to get below whatever new, reduced salary cap comes about, and not have that buyout charge count against its salary cap allowance. That charge, however, would count against the players’ share of 50-50 in overall revenues, the league proposed.

Players are expected to hold a conference call this afternoon to consider the league’s proposal.

Time is running short for the league to still hold a 48-game regular season, the minimum commissioner Gary Bettman has said it will consider a legitimate season.

tim.campbell@freepress.mb.ca

Proposal highlights

Courtesy of ESPN/TSN, here’s a highlight package from a “team source” on the NHL’s revised proposal: