According to Pierre LeBrun at ESPN.com, the NHL has the following stances on player contract issues after today’s meeting.

• Moved from 2 year ELC to 3 year ELC
• Willing to be flexible on 5% salary variance but maintained the need for FIVE-YEAR term limits
• Still asking for an extra year to be added to free agency (8 years) and note that an ELC (entry-level contract) plus the five-year max term limit brings a player to free agency
• agreed to eliminate re-entry waivers
• “embraced Union’s request to allow retained salary in trades subject to upwardly revised parameters”
• “embraced Union’s request for Payroll Range determined as a percentage of Midpoint as opposed to flat $16 million”
• Salary cap of $60 million in year one with a transition cap of $70.2 and a guaranteed cap of $60 million in year two even though the HRR formula would call for lower number

See everything at ESPN.com