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Good read from Cox this morning off of the The Star:
"There is a growing sense that the league may eventually be willing to relent on the hard cap if — and this is a huge if — the union is prepared to completely guarantee the results of a luxury-tax system.
In other words, no cap, but the union would have to be willing to write a big honkin' cheque for the entire amount of any league-wide payroll expenditures in excess of a certain level.
If the union embraces such a guarantee, it could give the league the cost certainty it craves while allowing Bob Goodenow to still go to his membership and say he made good on his promise to avoid a cap.
Regardless, these talks aren't over and the season isn't about to be cancelled. Expect negotiations to resume by Monday, and then we'll see.
The larger issue for the industry, however, remains that both sides have for too long treated this as the only fight that matters.
Well, anybody who has watched this league devolve over the past decade understands that a new economic system in itself will guarantee precisely nothing about the future of the NHL."
Link
"There is a growing sense that the league may eventually be willing to relent on the hard cap if — and this is a huge if — the union is prepared to completely guarantee the results of a luxury-tax system.
In other words, no cap, but the union would have to be willing to write a big honkin' cheque for the entire amount of any league-wide payroll expenditures in excess of a certain level.
If the union embraces such a guarantee, it could give the league the cost certainty it craves while allowing Bob Goodenow to still go to his membership and say he made good on his promise to avoid a cap.
Regardless, these talks aren't over and the season isn't about to be cancelled. Expect negotiations to resume by Monday, and then we'll see.
The larger issue for the industry, however, remains that both sides have for too long treated this as the only fight that matters.
Well, anybody who has watched this league devolve over the past decade understands that a new economic system in itself will guarantee precisely nothing about the future of the NHL."
Link