Found October 17, 2012 on isportsweb.com:
There has been a surprising twist in the NHL labour dispute.  After weeks of negotiations, the  league has offered the National Hockey League Players Association a 50/50 proposal in a last stitch effort to salvage the 2012-13 season. yesterday.If the players accept the offer, the season will begin on November 2.In a press conference yesterday, NHLPA director, Donald Fehr was a bit optimistic about the offer and said it was a step in the right direction.The National Hockey League posted the new proposal on their website.Here are some of the terms of the deal.Term- Six year agreement with mutual option for a seventh year.Hockey Related Revenue Accounting- Current  HRR subject to mutual clarification of existing interpretation and settlements.Payroll Range- 2012-13 payrollLower Limit – $43.9 millionMidpoint – $51.9 millionUpper Limit - $59.9 million- Appropriate “Transitions Rules” allow clubs’ to exeed Upper Limit for the 2012-13 season only (but in no event will clubs’ averaged club ...
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