Come on. It's the league's 2nd offer. Stop acting like it's reality because even the owners don't believe it - or even want it. This offer would cause chaos for the league's earners and not really help the strapped teams who are in no position to take on the many high-priced players that would have to be shipped off. Both sides know it.
There is an obvious end point, this is just the dance to get there. The cap will be basically 50/50, $61m-$64m with the floor reduced, with limits on contract length and maybe some out-clause for existing bad contracts plus other chip-dealing slightly favoring the poorer teams favored by Bettman in his mis-guided growth strategy.
Kings are currently at ~$62 million. A little bit over but not impossible. Richardson can be buried in the minors, and one of the ~$3 million contracts, such as Stoll, Penner, Gagne, Scuderi or Williams could be traded for something of value.
Definitely not ideal, but the core would still be kept intact.
Calm down. It's still in the early stages and everything is still negotiable. This is a great step, and is much closer than they were before. There's 3 more weeks to go, don't expect this to be the actual numbers.
Fact is that the cap had to go down anyways. If the cap goes down, so will player's salary. That's why guys like Weber decided to cash in instead of wait until next year. A few million higher and it will work for everyone and it's getting pretty damn close. I'd say.
Pretty much all the "over the cap" teams have dead weight cap. Sure, a few players will be waived and probably out of the NHL, but unfortunately it'll be the minority.
The league can't put the majorty of the franchises in cap hell. There will either be an old cap or some formula where contracts under the old CBA count for a lower percentage against the cap.
This. If the cap drops by 12.7 million, almost 20%, then existing contracts, even prior to July 1st only, should count for that much less. Players keep their full paycheques, the majority of teams avoid cap hell, and the ridiculous 58 million seems a little less ridiculous.