Sports & Taxes Archives

Is it or isn't it over for the NHL season?

Several media reports have indicated that yesterday's NHL talks between the league and the NHL Players' Association included a proposal from the league combining aspects of each side's core sticking points and those aspects that each side has vehemently rejected from the other: the league's hard cap vs the player's luxury tax.

In the proposal a luxury tax would kick in when a team's payroll reaches about $32-million (U.S.). The hard salary cap comes in around $45-million (U.S.).

While the likelihood of seeing NHL hockey this season remains almost nil, the good news is that we'll soon reach the point of no return for this season putting an end to the endless debate, is it or isn't it over for this season?

Links:
NHL.com
NHL Players' Association