The institution of a salary cap was the major point of contention during NHL CBA negotiations in 2004 and 2005. The owners' insistance on a cap and the players' initial refusal of one led to a lengthy work stoppage that eliminated an entire NHL season from the history books, a time that's still fresh in the minds of all of us as we sit through another round of CBA talks here in 2012.
But there's a bit of good news: Even despite the NHL's radical initial CBA proposal in July, the NHL Players' Association will not attempt to go back on the salary cap issue in these negotiations, according to RDS. It wasn't originally expected that the NHLPA would look to get rid of the cap, but after the NHL made such drastic changes in their first proposal, it was tough to be sure on how the players would respond.
Major League Baseball operates under a luxury tax system without a salary cap, a system negotiated when current NHLPA head Donald Fehr was in charge of the MLBPA. Both the NHL and NFL operate currently under hard salary caps, in which team payrolls cannot exceed the set number.
The NHLPA could still propose something similar to the NBA's soft salary cap and luxury tax system, in which teams must pay a tax based on how much they go over a set threshold. The taxed money is then distributed amongst the teams that remain under that limit, theoretically corralling how much money is spent on salaries by the wealthiest of teams.
For all the news surrounding the NHL's collective bargaining agreement and the ongoing quest to replace it, stick with this StoryStream.