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Wednesday, May 25, 2005

nhl- Salary Cap Numbers Agreed Upon, Not Revenue

from the Toronto Globe and Mail, The National Hockey League and the National Hockey League Players' Association will get together today and tomorrow in Chicago for more talks, but it appears that serious negotiating will have to wait.
NHL commissioner Gary Bettman and NHLPA executive director Bob Goodenow will not attend this round of talks. The plan is for small groups from each side to meet and continue the review of individual clubs' financial information that began last week.
The union has agreed to upper and lower salary limits based on club-by-club revenues, but the sides are not close on numbers. An even bigger stumbling block is an agreement on what constitutes hockey-related revenue, which is why both sides are going over the finances of individual clubs.
Last week's sessions ended with both sides announcing that progress had been made, although that optimism seemed rather muted yesterday...more...