This is a thought I posted yesterday in one of the threads about Bettman. The more I think about it, the more I think it could work. The owners want to eliminate arbitration altogether. What if the players agreed to that in exchange for a legit luxury tax? If arbitration is one of the inflationary mechanisims, then a hard cap shouldn't be needed if its not there, right? It also allows the players to save face by not accepting a cap.