NHL's latest offer

BRUCE GARRIOCH -- Ottawa Sun

, Last Updated: 8:50 AM ET

Highlights of the proposal offered by the NHL yesterday, which was immediately rejected by the NHLPA:

- A league-wide compensation range which guaranteed the players 54-55% of NHL revenues and a guarantee of 53%. Any team not reporting its revenues properly will be heavily fined and will lose draft choices.

- A salary cap ranging from $32-$42 million (all figures US). There would also be changes to arbitration and entry-level contracts

- A profit-sharing plan in which the players would share 50/50.

- A reduction in unrestricted free agency from age 31 to 30.

- The league agreed to accept the union's offer of a 24% salary rollback.

- An increase in the minimum salary to $300,000.


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