] The NHL had warned the NHLPA after canceling the season
] on Feb. 16 that future offers would be smaller because
] the business, itself, would very likely be smaller.
]
] The NHL delivered on that promise Thursday, by offering a
] hard cap of $37.5 million ($5 million less than
] previously offered), or, if the NHLPA would prefer, a
] fixed link between league revenues and player salaries at
] 54 percent of revenues (it was 55 percent previously).

The boat is just gonna keep sinking. The PA has GOT to get its head out of its ass.

Labor dispute far from over