1. A term of six (6) full seasons (through 2010-11), with a unilateral right granted in favor of the Union to reopen the Agreement after the fourth full season;
2. A League-wide Player Compensation Range, which again increases the League's offer on maximum Player Compensation from 54% to 55% of League-wide Revenues and guarantees that Players will receive a minimum payment of 53% of League-wide Revenues;
3. A Floating Team Payroll Range, which would obligate each Club to pay its Players no less than $32 million and no more than $42 million in Player Compensation on an annualized basis. The Payroll Range would be adjusted every year to reflect changes in League-wide Revenues;
4. The maintenance of Player Contract "Guarantees" in their current form;
5. A profit-sharing plan pursuant to which the Players would share in League profitability over a negotiated level on a 50/50 basis;
6. The implementation of a jointly monitored accounting and audit function, with multi-million dollar fines -- and forfeited Draft choices -- the penalty for failure to disclose required financial information;
7. The establishment of a Joint Owner-Player Council to discuss various business and game-related issues;
8. Recognizing a shortened regular season with a full Playoff, a distribution of revenues generated from the 2005 Stanley Cup Playoffs to ensure that the Players receive the agreed-upon 53% of League Revenues;
9. A revised Entry Level System which preserves each Player's ability to negotiate performance bonuses and which incorporates an additional League-wide bonus structure for outstanding performance on a League-wide basis;
10. A revised Salary Arbitration System with expanded election rights for both Players and Clubs;
11. A proposed reduction in the age for Unrestricted Free Agency to age 30, with a possible further reduction to age 28 (tied to salary arbitration);
12. A 62% increase in the League's Minimum Salary to $300,000 per year; and
13. The use of a Payroll Tax on Clubs within the Floating Team Payroll Range at the Union's sole discretion.
Entire proposal
