Been hunting around for details. Found this article:
http://www.cbc.ca/sports/hockey/nhl/...alary-cap.html
As perhaps suspected, there is less to the NHLPA offer than meets the eye.
The PA isn't offering to reduce wages one bit. Instead they are saying they will take an increase in the cap of "only" 2% in year one, 4% in year two, and 6% in year three. The enter "players are giving up between $400 and $800 mil" is that if you take the average increase in league revenues from the last few years and project it out over the next three.
It disappoints me all of this has been done in the public. If the parties were serious about negotiating things would be done behind closed doors.