- 50-50 split of HRR (hockey-related revenues) throughout the deal.
- No salary rollback for players.
- Deal has a term of six years plus a "mutual option for a seventh year."
- HRR definition remains the same from previous CBA
- Salary cap ceiling would be $59.9 million and the floor would be $43.9 million.
- Entry-Level Contracts are now two years in length, down from three years in previous CBA
- Players need to be 28 years old or have eight years of NHL experience to become unrestricted free agents. Under the previous agreement, the numbers were 27 years old and seven years.
- Term limit of five years on all contracts. The previous CBA had no term limits.
- Revenue Sharing total is $200 million, but that number will change depending on how much revenue the league takes in each year.
- Player discipline changes involve the "Introduction of additional procedural safeguards, including ultimate appeal right to a 'neutral' third-party arbitrator with a 'clearly erroneous' standard of review."
What are the players' thoughts on this proposal? TSN's Bob McKenzie has obtained a letter from NHLPA leader Donald Fehr.
The letter can read in full here. Below is an excerpt.
In the letter, which breaks down a summary of the NHL offer, Fehr writes the following:
- "Simply put, the owners' new proposal, while not quite as Draconian as their previous proposals, still represents enormous reductions in player salaries and individual contracting rights. As you will see, at the 5 per cent industry growth rate the owners predict, the salary reduction over six years exceeds $1.6 billion. What do the owners offer in return?"
- "The proposal does represent movement from their last negotiating position, but still represents very large, immediate and continuing concessions by players to owners, in salary and benefits (the Players' Share) and in individual player contracting rules."
The NHLPA's reaction won't be received well by the fans, many of whom were impressed with the league for making a new proposal that is far less ridiculous than its initial one, and actually includes some concessions (like keeping salary arbitration) that many weren't expecting them to make yet.
If the players don't make a counter-proposal and this process goes past November 2, there's no guarantee that the owners would be willing to make the same concessions seen in Tuesday's offer. Angering the owners is only going to increase the chances that we lose the entire 2012-13 season.
There's about seven or eight days to get a deal done in order to have a week of training camp and start a full schedule of games by early November, which is plenty of time to make a deal happen.
The league has clearly indicated that it's willing to negotiate, which has been clear throughout these labor negotiations. The players have not made a proposal for over a month and look like the side unwilling to negotiate right now.
Hopefully this changes because the league's proposal does create a solid foundation for a CBA that benefits both sides.
Nicholas Goss is an NHL Lead Writer at Bleacher Report. He was also the organization's on-site reporter for the 2011 Stanley Cup Final in Boston. Follow him on Twitter.