Season on Brink After League Reject Players' Cap Offer
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The National Hockey League appeared to  be one day away from cancelling its season due to a labor  dispute after owners rejected a salary cap proposal from  locked-out players.
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----- TORONTO (Ticker) - The start of the 2004-05 NHL season was put in extreme jeopardy Thursday when the league rejected a proposal for a new collective bargaining agreement from the Players Association.
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NHL players and owners fail to reach an agreement, forcing the season's cancellation.  What does the future hold for professional hockey?
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Locked out players rejected the NHL's  final salary offer and submitted a counter-proposal on Tuesday,  just hours before commissioner Gary Bettman is expected to  announce the cancellation of the 2004/05 season.
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The chess game between the NHL and the NHLPA continued Tuesday, with the league rejecting the players&#39; offer from last Thursday and tabling a counteroffer, which was in turn rejected by the NHLPA.
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The entire ice hockey season could be lost to the dispute over salary capping.
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The NHL made its final offer just hours before it was set to cancel the season. The league bumped its salary-cap proposal from &#36;40 million to &#36;42.5 million Tuesday and gave the players' association until 11 a.m. Wednesday to accept. If they reject it, the season would be canceled two hours later, according to a letter sent by commissioner Gary Bettman to players' association executive director Bob Goodenow.
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The NHL reportedly will reject the latest proposal from the players&#39; union that was meant to put an end to the lockout and salvage the season.
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Sport: The Premier League has rejected reports that it will take legal action over plans to play abroad
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Hopes of saving the National Hockey League season all but vanished Tuesday when players and team owners rejected proposals to end the labor dispute.
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Here are the choices the NHL owners faced when evaluating the Dec. 9 offer from the NHL Players&#39; Association: - Shut down the season and take a guaranteed loss.
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A closer look at the new offer from the NHL Players&#39; Association: Rollback: The whopping 24% pay cut on all existing player contracts is a monstrous concession.
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Life in this intimidating workplace, of course, is a choice. But whatâs the hazard pay for an unglamorous N.F.L. afterlife? The league and the union have been callously unaccountable.
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The NHL and the Players Association did not deliver an early Christmas present to fans across North America. The NHL Players Association and the league both rejected counter-proposals during a three-hour meeting in Toronto on Tuesday.
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The NHL Players&#39; Association is offering to cut player salaries by 24 per cent in a bid to end the lockout, but is not offering the salary cap the league has said it wants.
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Contract talks broke off today between the National Hockey League and its locked-out players union, leaving the sport a step closer to wiping out its whole season.
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Players have rejected a new bid by management to end a three-month lockout, increasing fears the National Hockey League could lose an entire season to a labour dispute for the first time.