This is the proposal Brian Burke made during the World Cup Hockey finals, last week.
1. Phase in agreement over two years
2. Commit to a 12-year contract
- Seven per cent of player payroll
- Ten per cent of designated hockey revenue (DHR)
- Arena construction fund
4. Agree to share revenues of $200 million with $75 million coming from playoff pool
As expected, the National Hockey League owners and board of governors decided to lock out the players as their collective bargaining agreement expired on Sept 15, 2004. NHL commissioner Gary Bettman announced the lockout in New York and reiterated the ownership's position for the need of cost certainly (salary cap). The NHLPA's Bob Goodenow did not waste much time in rejecting the notion of a salary cap and exalted the virtues of a "free market" system. In other words, both sides have been talking for about a year and a half and have been unable to come to any kind of a compromise/understanding on the very key issue of player salaries.