After meeting for several hours again on Friday, the two sides hope to continue discussions next Tuesday. The National Hockey League tabled a proposal in Thursday's latest round of lockout negotiations with the Players' Associaton, sources told Rogers Sportsnet. The proposal is believed to include a stiff luxury tax system, with a tax structure adjustable to accommodate the rate and threshold on how the proposed CBA would be working. There is speculation among hockey circles of a dollar-for-dollar tax with revenue sharing among the NHL generated from this system. The luxury tax would trigger a hard cap agreement that is expected to come in with a floor of $25-million and a ceiling below $35-million.
-Referencedf rom www.sportsnet.ca