According to league sources, the NHL then unveiled to the union during Thursday's discussions a mechanism to get each team under the cap.
Sources say there would be a dispersal draft. If a player making $3 million was claimed in the first round, the team selecting that player would get him at a discounted price of $2.7 million (10 percent off). The team losing that player would be on the hook for the difference. The discount continues another 10 percent per round.
"Try explaining it to Leafs fans when we lose four or five guys," winger Darcy Tucker told the Toronto Sun.
Looks like Bettman has put more effort into this plan then a new CBA in fact ..
Strange that a Florida newspaper would be using the Leafs as the bases for the article
" Plus, 14 teams are over what would be a team-by-team $34.6 million to $38.6 million salary cap. Six teams -- Philadelphia, Toronto, New Jersey, Dallas, Detroit and Colorado -- have payrolls topping $52 million.
The league says there would be no grandfathering period, meaning a team like Toronto, whose payroll is at $63.8 million, would have to shave $25 million by the start of the season. If the NHL got the salary rollbacks it wanted, the Leafs' payroll would be trimmed to about $47 million.
According to league sources, the NHL then unveiled to the union during Thursday's discussions a mechanism to get each team under the cap."