'The salary-cap issue was seen as the biggest hurdle in talks for a new collective bargaining agreement.'
Archives for June 8, 2005
‘According to the formula, a dollar-for-dollar luxury tax will kick in at the midway point between the floor and the cap. If the floor of the lowest team proves to be $22-million and the cap on the highest team is $36-million next season, then the tax will come into effect at $29-million. This will allow the wealthier teams to spend a little more money, but will prevent the large gaps in spending in the previous agreement that saw teams like the Pittsburgh Penguins with payrolls as low as $18-million, while the New York Rangers were spending $80-million.’
‘”Sixty-million bucks was $2 million a team. If we’re worried about $2 million a team, we’re looking at it completely the wrong way. I think we should be looking at a national TV contract of $400 million, not $60 million. I think we can get there. I really do.”‘
'"The argument [against it] would be how does that play in the rest of world?" Regier said. "So we look around and see Canadian amateur hockey has taken that red line out, the U.S. never had it in college and amateur and Europe doesn't have it. I think it's a reasonable consideration."'