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I hope the LA Times report is correct on the $37 million cap...I think this would be very good news for the Sabres. However, they appear to have been a bit premature in releasing the story:

 

 

Lockout not settled yet

 

http://tsn.ca/nhl/news_story.asp?ID=129820&hubName=nhl

 

TSN.ca Staff

 

7/7/2005 9:42:39 AM

 

The NHL lockout continues to dwindle down to its final days and hours, but the new deal between the NHL and NHL Players' Association is not yet done, despite a report in the Los Angeles Times suggesting an agreement has been reached.

 

"It's an inaccurate report," an NHLPA spokesman told TSN.

 

The league also denied the report, with vice-president of communications Bernadette Mansur telling TSN that the report was not true.

 

This long and drawn out process won't actually be complete until every "i" has been dotted and every "t" has been crossed and representatives of the NHL and NHLPA sign off on the agreement, pending ratification.

 

And that moment, sources tell TSN, is definitely not going to happen today. The earliest projections of when that might occur are some time this weekend, although sources close to the NHLPA are suggesting it could easily carry into next week. The NHL has been targeting this weekend as the wrap up and even scheduled an NHL board of governors' executive committee meeting on Monday in New York City.

 

But that executive committee meeting will only happen as scheduled if the agreement is reached before then.

 

It should, however, be duly noted that the NHL and NHLPA have reached agreement on most, if not all, critical issues in the new CBA and these final days of meetings in New York are all about the lawyers doing their job vis a vis language and legalities. But until such time that both sides sign off on the document, pending ratification, there's no deal. It's an all or nothing process.

 

The Times reported some details of what it believes will be in the new accord. One of them was that when the NHL entry draft lottery is held to determine order of selection that every team will have an equal chance -- one in 30 -- of getting the first overall pick and the right to choose phenom Sidney Crosby.

 

Sources tell TSN that when the lottery is conducted, it will be a slightly weighted lottery, giving the teams that have performed poorly over the last three or four seasons a slightly better chance than those who have performed well.

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