8:15AM: In the NY Post, Larry Brooks confirms most of these details and adds that the salary cap would now be $4 million over the mid-point, instead of eight, while the cap floor would remain at eight million under the mid-point.

He also adds that there would be no signing bonuses in the new five-year deals and that the salary would be the same every year.

NHL's Bill Daly and PA's Steve Fehr will discuss league proposal between now and Monday. Full group returns to table Wed-Fri in New York.—
Darren Dreger (@DarrenDreger) July 14, 2012

9:58PM: According to Renaud Lavoie of RDS, the NHL has proposed the following changed to the NHLPA:

• Reduce players hockey related revenues to 57% from 46%. (Each % point is a loss of $30 million for players)
• 10 seasons in NHL before being UFA
• Contract limits of FIVE YEARS.
• no more salary arbitration
• FIVE-YEAR entry level contracts instead of Three-Years.

The CBA expires on September 15th.

CBA negotiation watch advice – The first word you need to forget is "fair". You never get what's "fair", you get what you negotiate.—
Jeff Marek (@JeffMarek) July 14, 2012