Proposal: Soft cap + Luxury Tax + Revenue Sharing
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09-28-2004, 02:43 PM
Join Date: Feb 2002
Location: Intolerable climate
Originally Posted by
The players in this proposal give up nearly nothing in your systems.
The concession the players make in this proposal is that teams will be punished for raising their payrolls above the luxury tax threshold. It might prevent teams from offering contracts, which reduces the dollars available for players. It's something the NHLPA opposes bigtime. The difference between Stich's proposal and the NHLPA's proposal is that the NHLPA is suggesting luxury tax rates that are so low they don't offer any disincentive for teams to spend. Stich's proposal would deter overspending with a luxury tax rate of 100%. Needless to say, the NHLPA isn't going to like any proposal that deters overspending.
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