Don Fehr: We hope we have an agreement on pension plan, funded out of player money. Believe agreement on transition payments.
Don Fehr: Players proposed eight-year agreement with an opt-out after year six.
Don Fehr: Remaining issues are primarily max length of player contract and variability from year to year.
Don Fehr: Players proposed max length would be eight years. Variability, seven years or longer, use existing rules plus a tweak.
Don Fehr: Have made proposals for cap benefit recapture to address circumvention. Have not discussed transition rules for system.
Don Fehr: Told owners need to discuss transition rules so they can be ironed out.
Don Fehr: "We think there is a complete agreement on dollars. Wouldn't seem to be very much reason why we shouldn't be able to conclude."