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http://tsn.ca/nhl/news_story.asp?id=107268
Doan says there are also changes in the qualifying offer and a luxury tax of 75 cents on the dollar on budgets over $40-million as well as harsh fines for teams exceeding a $60-million threshhold. As well, the entry-level salary cap for rookies has been trimmed to $850,000 from $1.2-million.
If the harsh fines over 60 mil can be seen by the NHL as acting roughly as a hard cap, might this thing be working itself out sometime soon?
Doan says there are also changes in the qualifying offer and a luxury tax of 75 cents on the dollar on budgets over $40-million as well as harsh fines for teams exceeding a $60-million threshhold. As well, the entry-level salary cap for rookies has been trimmed to $850,000 from $1.2-million.
If the harsh fines over 60 mil can be seen by the NHL as acting roughly as a hard cap, might this thing be working itself out sometime soon?