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You are here: Home / News / Players Offer Owners 24% Pay Cut

Players Offer Owners 24% Pay Cut

December 10, 2004 By admin Leave a Comment

The steps may be small, but they are steps. The NHL and players met in Toronto on Thursday, where the players offered a collective bargaining agreement that would, among other things, immediately reduce all players’ contracts by 24 percent. The players also proposed to set a tax on payrolls that exceed $45-million, a revenue distribution plan between the higher end teams and lower end teams and a number of other adjustments to the current bargaining agreement. The NHL will offer a counter-proposal on Tuesday. The lockout is in it’s 85th day.

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