JJB Sports is offering its landlords as much as £7.5m if they agree to a series of proposals that might save the hard-up sports retailer from going bust.Under the terms of a proposed company voluntary arrangement (CVA), 43 stores will shut by 24 April 2012, while a further 46 shops could close during the following year if their performance doesn't improve. JJB also want rents on these properties halved and is demanding a move to monthly rather than quarterly rent payments for the next two years.If they agree, landlords will get between £2.5m and £7.5m in cash or JJB shares linked to the market performance of the company on 24 April 2013.It thinks the deal "demonstrably gives landlords of compromised stores a far greater estimated return than is likely if JJB and Blane (a subsidiary) are placed in administration".JJB's plan comes just two years after it did a similar deal on 140 stores."In formulating these CVA proposals we have talked to our landlords and listened to their views," chairman Mike McTighe said. "As a result, we are offering them a possible share in the value of a restructured JJB of up to £7.5m, payable in two years' time."