December 14, 2004
NHL owners stick to salary cap demand
National Hockey League owners, locked in a labor dispute with the players’ union, are reportedly going to reject the union’s latest offer of a 24 percent decrease in player salaries.
The owners have been demanding a hard salary cap—linking total player salaries to a percentage of league revenues—like that in some other sports. A league spokesman said that the players’ proposal would solve the league’s short-term financial difficulties, but doesn’t create a long-term solution. The lockout, which has been in effect since September, threatens to cause the loss of the entire season.
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