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Union: Proposal would produce $275.5M profit

Updated: December 16, 2004, 7:35 PM ET
Associated Press

NEW YORK -- The NHL Players' Association disputed claims by the league that the union's latest collective bargaining agreement proposal would generate severe losses.

Using a 3-year projection based on league numbers, the NHLPA said on Thursday that its offer -- which featured an across-the-board 24 percent salary rollback -- would produce a $275.5 million profit for teams as opposed to a $568.5 million loss, as stated by the NHL.

"That constructs a wholly misleading, illusory and unsupported ...

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