Oct 17, 2012, 9:00 AM EST
- Under the 50-50 revenue split plan, the new salary cap ceiling would be $59.9 million, according to ESPN’s Pierre LeBrun. As he noted on Tuesday, teams can still go up to $70.2 million because of the transition plan, though.
- Meanwhile, the salary cap floor would be $43.9 million according to TSN’s Bob McKenzie.
- McKenzie also illuminated the process of trading salary cap space or retaining salary. The limit would be $3 million for each contract year remaining or 50 percent of the average annual value – whichever number is lower. Each club would be limited to two contracts and/or $5 million in a given year.
- TSN’s Darren Dreger expanded on the owners’ proposals regarding revenue sharing. The league’s 10 highest earners would contribute 50 percent of the pool while a committee (with NHLPA representation) would determine the pool each season.
- Players “buried” in the minors count against the cap so there wouldn’t be re-entry waivers any longer, according to McKenzie.
- In what might be a nod to the NFL’s “bounty” troubles, NHL owners propose changes to the supplemental discipline appeals process; players would be able to seek a “neutral” third-party arbitrator, Dreger reports.
OK, that wave of information (and the links below) should catch you up to speed on the owners’ big new offer. Players hope to clarify a number of issues today, so stay tuned.
- No hearing scheduled for Kesler after ‘dirty play’ on Dorsett 4
- Why NHL fans — no matter where they live — should care about the plunging Canadian dollar 7
- Trade: Pens acquire Lapierre from Blues for Goc 59
- Video: Habs’ Emelin ejected for hit on Stars’ Spezza 28
- Martin Brodeur to retire, become Blues asst. GM (Updated) 41
- Mike Richards clears waivers 32
- Game on: Islanders-Rangers to be played despite storm 15
- Flyers’ Rinaldo suspended eight games for his hit on Letang 57
- Isles’ rise to be tested as they lose Okposo for 6-8 weeks 17
- L.A. Sorry? Kings waive Mike Richards 127
- Columnist: Flyers ‘orchestrated’ fight night versus Pens during meal at ‘a local steakhouse’ (130)
- L.A. Sorry? Kings waive Mike Richards (127)
- Report: Flyers’ Rinaldo waives right to an in-person hearing (61)
- Trade: Pens acquire Lapierre from Blues for Goc (59)
- Video: NHL offers Flyers’ Rinaldo in-person hearing (57)