Read: Details Of The NHL Proposal

2:27PM: Chris Johnston tweets that Gary Bettman emailed the offer to Donald Fehr last night.

1:28PM: At ESPN.com, Pierre LeBrun has obtained the details of the NHL proposal to the NHLPA.

Some of the details include:

  • 10-year CBA agreement with a mutual opt-out after 8 years
  • 50/50 HRR split
  • Make Whole of $300 million
  • No salary rollbacks
  • Transition salary cap of $70.2 million in 2013 and then a cap of $60 million in 2013/14
  • One compliance buyout prior to the 2013-14 season
  • Six-year contract limit for free agents and seven-year contracts for players that you are re-signing
  • Year to year salary variance is 10%
  • Salaries of players in other leagues that are above a “defined threshold” will count against the salary cap
  • Teams can “retain/allocate” salary and cap hits in player trades
  • Performance bonuses don’t count against the salary cap, no re-entry waivers, creation of “interview period” for free agents
  • Weighted draft lottery for all non-playoff teams