ColoradoHockeyFan
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http://www.sportsnet.ca/hockey/article.jsp?content=20050506_125209_5728
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.