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08-14-2012, 01:57 PM
  #201
WhoIsJimBob
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Quote:
Don Fehr: we do believe proposal players made today can produce stable industry. Players indicated they take lower share revenue next 3 yrs.

Fehr: if revenue grows in next 3 yrs, reduced compensation could hit $455-million. Offer more revenue sharing - as much as $250-m next 3 yr

Players propose 3 year deal with option for fourth. Fehr said will take owners "some time to understand."

Fehr says be wrong to interpret there no hard salary cap in proposal. Said will still be a hard cap.

Fehr said players willing to reduce share of income because some franchises in trouble.

Players propose there be no changes to player contracts under existing rules.

Fehr flanked by most of 23 players who attended meeting. Crosby, Ovechkin, Stamkos front and centre. All look solemn.

Fehr won't predict how owners react to their reaction. "I'm out of prediction business."

Fehr says talks somewhere between frank and cordial. Frank is lawyer-speak for hostile.

Fehr said offer was after 3 yrs of working under their proposal an option to revert to current CBA in 4th year.

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