NHL Rejects Counteroffer on Salary Cap (AP)

[News Manager]

AP - The NHL made a take-it-or-leave-it pitch of a $42.5 million cap to the players' association Tuesday night, the night before hockey was set to be wiped out altogether. The union responded with a counteroffer of a $49 million salary cap that the league dismissed out-of-hand, saying all teams couldn't afford that much.

http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050216/ap_on_sp_ho_ne/hkn_nhl_lockout]Read more...[/url]

 

[Sea_Cadet]

didn't the players association just accept one