There's a soft cap, then a luxury tax on top of the soft cap, then a hard cap on the very top. Bottom line, cost certainty. Sportsnet is calling this signs of compromise from the NHL, but from the sounds of it, this looks like something that would be tough for a lot of players to swallow.
We'll see; they will be meeting in New York tonight and tomorrow, and I expect plenty of negotiating. It's about time these folks got down to negotiating. Took them long enough.