Steve Zipay has an outline here: http://www.newsday.com/sports/hockey/rangers/blue-notes-1.811976/the-revised-nhl-labor-offer-parameters-1.3934226
Based on capgeek, 16 of the 30 teams are currently above the $58m proposed cap. The Rangers are the last of those 16 teams; the Isles are currently 29th in cap-commitments, but only if you count Lubomir Visnovsky. If Visnovsky's rights revert to the Ducks, there would then be 17 teams above the cap.
Of course, changes to what is considered to be part of the cap could be part of the agreement that they will hopefully find in the next 17 days.
Tick, tick, tick.
Forever1940 is the nom de plume of Eric Hornick, statistician on Islander home telecasts since January 21, 1982. Visit my blog: NYISkinny.com and follow me on Twitter @ehornick
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