As the clock ticks toward a canceled season, the National Hockey League confirmed they put a new offer on the table Thursday.
The Star Tribune's Michael Russo has learned the proposed deal includes six-year max contract lengths, up from five years, but re-signing your own free agents remains at a seven year cap.
The offer also offers a maximum of 10 percent variances in salaries per year, which is also up from five percent.
NHL Deputy Commissioner Bill Daly said in a statement that the league is not prepared to discuss the details of the proposal, but wants "to be back on the ice as soon as possible."
Although no talks have been scheduled yet, NBC Sports says the player's union is holding a conference call Friday afternoon to update its members. There are rumors that a counteroffer is already in the works.
More than half of the NHL season has been wiped out. Games have been canceled through January 14th.