The cap for 2012-13 - projected to be $70.2 million under the existing CBA - would be cut to a fixed $58 million under the latest proposal.
That number would rise to a fixed $60 million in 2013-14 and then to a fixed $62 million the following year.
Projected cap numbers for the final three years of the deal include: $64.2 million in 2015-16, $67.6 million in 2016-17 and $71.1 million in 2017-18.
The league's proposal did not include an across-the-board reduction (or "rollback") to existing contract values. Necessary adjustments would be financed entirely from a combination of modified contracting practices, increases in league-wide revenue and from the players' Escrow contributions.
With a vast amount of information available on the state of current CBA negotiations, it can be difficult to separate myth from fact. Here is a useful chart that breaks down some of the most common myths on CBA negotiations.
"It's still All In to me dammit." - Felonious Python
"Usually time takes care of things like this," W Marty St. Louis said at the Ice Sports Forum. "But am I worried? Yeah, absolutely."
"There's not really a partnership. There's bickering back and forth, and that's what we're trying to get rid of," said RW B.J. Crombeen, part of the union's negotiating committee. "It's frustrating they're not willing to talk right now."
Players also are upset that the framework of the league's updated proposal cuts the players' share of hockey-related revenues from 57 percent to 46. Under the current agreement, players gave back 24 percent of salaries after the 2004-05 lockout.
"You can only … take so much," LW Ryan Malone said.
Said D Marc-Andre Bergeron: "It's frustrating. We gave them what they wanted, and all of a sudden it's not good enough. We're not the only one who should make sacrifices. It seems like we're too good of guys. They try to take advantage of us because they know what we gave the last time, I guess."
For St. Louis, the concern is an extended lockout would cost the league the steam that in the past seven seasons helped it increase revenue from $2.1 billion to $3.3 billion.
"We have so much momentum as a league," he said. "It didn't happen overnight. Players are working harder than ever off the ice, and I think there's a direct correlation with how good the product is on the ice and how much the game has grown."
Even so, St. Louis said, "Last time we lost a full season to get (the owners') deal. If we have to sit, we'll sit. That's how I feel."
The Winnipeg Jets publicly acknowledged the potential of a league-wide work stoppage on Thursday, sending a message to their stakeholders, partners and season ticket holders to be prepared for possible cancellations of games and team events.
"As you may be aware from recent reports in the media, the National Hockey League and the National Hockey League Players' Association are currently engaged in the process of negotiating a successor Collective Bargaining Agreement to their current Agreement, which expires Saturday, September 15th, 2012," read a team email from True North president and CEO Jim Ludlow and senior vice president of sales and marketing Norva Riddell.
"Although it is the League's objective to successfully conclude negotiations for the new Agreement by September 15th, it is possible this may not occur."
While the stalemate continues between the NHL and NHLPA, there has been one encouraging sign of late. NHL deputy commissioner Bill Daly and NHLPA special counsel Steve Fehr met for dinner Wednesday night.
"Steve and I had dinner last night and conversed on a whole range of subjects," Daly told ESPN.com via email Thursday. "I think it's safe to say that we are both trying to find ways in which we might be able to meaningfully advance the process."
Although it is not an uncommon occurrence -- the two have dined together often throughout the negotiation process (insert joke about how they split the check here) -- it is a sign that there is an open line of communication between the two camps as a lockout looms.
No further meetings have been scheduled yet, but there is expected to be more informal dialogue between the league and the union over the next few days. Although there are no guarantees talks will resume soon, both sides will be active next week.
It's getting pretty damn ugly now. Daly saying Fehr doesn't have a clue. The PA filing with individual provinces to keep teams from locking out players. Bleh.
I was hopeful that maybe we would have a least a shortened season, but I'm feeling pretty pessimistic.
Should the PA not use Quebec law in their favor? From what I understand, the league can still lockout, but Montreal still might have to pay their players, which should severely weaken the league's leverage, and I think it's them, not the PA, who are being hardasses about this whole thing.
On a semi-related note, Gary Bettman better not make it into the HHOF. He's done more than anyone to ensure fewer games have been played. That's not what a legend of the sport does.
Can Bettman not lose games this time around? He was there for the 94 shortened season, 05's complete shutdown, and potentially this.
Last edited by Felonious Python: 09-11-2012 at 10:15 AM.