Bill Daly Proposal Quotations

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.

The way it appears, union leadership now will make a last-minute proposal, possibly as late as September 14 or 15, and characterize it as its 'magnanimous last and best effort to save the season,' ... I am doubtful that the proposal will be a meaningful, bona fide effort to address our problems, which threaten to deprive our fans of a prompt start to the season. If the proposal consists of a repackaged 'status quo' system, it will not work - and will not be acceptable - and union leadership knows it.

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,