ok. So the NHL wants to absolutely link revenues to expenses. The NHLPA says "No salary cap". How about this: Instead of a Cap, have a luxury tax. But a very stiff luxury tax, much more potent than the one offered by the NHLPA. Let's say, for argument's sake, a 1$ tax for every dollar spent over a 40 million$ thresh hold. Now to link revenues to expenses: Let's say (for argument's sake) that today's league wide revenues are of 1 billion $. With 1 billion$ in revenues, each team can have a 40 million$ thresh hold in the Luxury tax. If the League's revenues drop to 0.8 billion$ (down 20%), then the Luxury tax thresh hold of 40 million$ is lowered by 20% to 32 million$. So for that year every dollar spent over 32 million$ would incur a 1$ tax. Naturally the Revenues, tax amount and thresh hold figures may need to be altered a little... but isn't this a way to LINK REVENUES TO EXPENSES WITHOUT HAVING A SALARY CAP? I just solved the lock-out didn't I? or am I just an idiot?