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SBD/Issue 82/Leagues & Governing Bodies
E-mails With NHL CLO Daly Details Desired Salary "Targets"
Published January 19, 2004
|League Proposal Seeks $930M
Aggregate Spent On Salaries
After exchanging e-mails with NHL Exec VP & CLO Bill Daly, the N.Y. POST's Larry Brooks wrote the NHL's standing CBA proposal to the NHLPA "does not call for a literal cap of $31[M] per team," but would "mandate `targets' of $31[M] per and an aggregate $930[M] to be spent on payroll by" all NHL teams. Daly stated a payroll or luxury tax would be "meaningful enough to catch the attention of even the Rangers." One NHL official, "perhaps facetiously," noted that the payroll tax "might be as high as $4 for every $1 over the $31M." Beyond the team tax, the NHL "would guarantee `cost certainty' by imposing a tax on the union should aggregate league payrolls exceed" the $930M. Daly wrote, "If spending is still screwy despite everyone's best intentions, players will pay back to the clubs the full amount of any overage" (N.Y. POST, 1/18).