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|Comparison Look At Proposals|
by NHL and Players' Association
|UNION: Immediately cuts 24 percent off all existing contracts. NHLPA says that will save teams $270 million in the first year and $528 million over three years. Its previous offer of Sept. 9 only offered 5 percent rollback.|
|LEAGUE: The 349 players making less than $800,000 would not lose any salary. The 191 earning between $800,000 and $1.499 million would take a 15-percent cut. The 58 players earning between $1.5 million and $1.99 million would take a 20-percent decrease. The 133 players making between $2 million and $3.99 million would take a 24 percent cut. The 24 players making between $4 million and $4.99 million would receive a 30-percent cut. The 41 players earning $5 million and up would lose 35 percent.||SALARY RESTRAINTS|
UNION: Would restrict rookie contracts to $850,000 a year for
three years, down from last season's $1.2 million level. There also
would be reductions in qualifying offers to restricted free agents,
and clubs would have the chance to elect arbitration in a system
similar to one used in baseball.
The union estimates clubs will save $400 million over the next six years and reduce the aggregate qualifying offers due to restricted free agents by $285 million over three years.
|LEAGUE: Would accept the NHLPA proposed maximum salary with the provision of additional mandatory year in all entry-level contracts. It would eliminate all signing and performance bonuses.||LUXURY TAX|
UNION: Would penalize teams 20 cents for each dollar they spend
between $45 million and $50 million. The penalty would increase to
25 percent the second year and 30 percent in the third.
Teams spending between $50 million and $60 million would be taxed 50 cents on the dollar the first year, 55 cents the second year and 60 cents the third. Those with payrolls above that would have to pay 60 cents for every dollar the first year, 65 cents the second, and 70 cents the third year on each dollar over the threshold.
|LEAGUE: No payroll tax. The NHL says a luxury tax requires guesswork, continues payroll disparities, and is inflationary.|