Bill Daly Losses Quotations

The union's proposal was intended merely to preserve a status quo that promises escalating ticket prices, competitive imbalance, bankrupt franchises, hundreds of millions in team losses and 20 teams losing money - all of which imperil the future of our game,

While the immediate 'rollback' of 24 percent offered by the union would materially improve league economics for the 2004-05 season, there is virtually nothing in the union's proposal that would prevent the dollars 'saved' from being redirected right back into the player compensation system, such that the league's overall financial losses would approach current levels in only a matter of a couple of years.