Too bad Stich's idea isn't going to be in.

I don't mind a luxury tax, especially one that's reasonable and that has some bite to the tax level. But one thing I really would have liked was Stich's idea of having a team rewarded by keeping a player on their team with a percentage discount on their contract. For example, Yzerman has been a Wing since 1983 so only say 75% of his contract is actually counted towards a cap. I think Stich's idea was to have any player with the same team over the last 7 years only have 75% of his contract counted and declines for less years.

The one fear I have of a cap or tax system is the rapid player turnover. One thing I like about following a team is following certain players that have been there for a while. With this rule in place, teams are rewarded for keeping players on their team. And players have an incentive to stay with their respective team (if they have been there a while) because they know that team can probably afford to pay them the most money since not all of it is counted towards a cap.