MISL Players Offer to Cut Salaries
The Major Indoor Soccer League Players Assn. offered Monday to cut the salary cap to $900,000, bringing the figure within $2,000 of that given by owners as the league’s termination deadline of Sunday drew closer.
Spokesman Kevin O’Keefe said the league will have no comment on the proposal until Commissioner Bill Kentling discussed the six-page offer with the 11 team owners during a conference call today.
The MISL has threatened to go out of business Sunday after the final regular-season game unless the union agrees by Friday to reduce the salary cap from $1.275 million to $898,000.
The league last week rejected the union’s offer to reduce the cap to $1 million per team plus several other restrictions, including cutting general managers, coaches and league personnel salaries by 27.5% and forming a joint player-management committee to formulate marketing strategies.
The proposal, a two-year offer, would require all teams to spend $900,000 or 41% of average team gross revenues, whichever is greater.
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