TORONTO, ON (NEWS1130) – The National Hockey League Players’ Association has tabled its first offer in the latest round of collective bargaining talks with the NHL.
The union says its offer to the league includes a smaller percentage of revenues for players and an expanded revenue sharing program to help struggling teams.
Union leader Donald Fehr says players could give up as much as US$465 million in revenue under the proposal if the league continues to grow at an average rate.
If the league continues the strong growth shown over the past two seasons, he says the amount could reach $800 million.
Fehr also said the union’s proposal does not call for the removal of the hard salary cap the league won in the last round of negotiations.
The NHLPA also proposes expanded revenue sharing to help financially struggling clubs, which could reach more that $250 million per year.