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HOCKEY NEWS REPORTS NHLPA FILES GRIEVANCE OVER "CAP" PLAN
Published December 16, 1997
There's a "battle brewing" between the NHL and the NHLPA "over the continuance of the Canadian Assistance Plan (CAP)," according to Bob McKenzie of the HOCKEY NEWS. The NHLPA has field a grievance with the NHL "against the CAP, effectively challenging the legality of it." McKenzie reports the move "apparently prevented NHL governors" from formally approving the CAP for another year at the meetings earlier this month in FL. McKenzie: "Instead, the governors 'recommended' its continuance, recognizing its future hinges on the outcome of an arbitration hearing." The CAP is a two-part revenue-sharing plan offering financial aid and incentives to "small-market" Canadian teams. One element gives Canadian teams "certain breaks when they're forced to match a free-agent offer sheet in U.S. dollars." The NHLPA declined comment while the NHL "simply confirmed an NHLPA grievance had been filed" (HOCKEY NEWS, 12/19 issue).