NHL Lockout 2012: 5 Reasons NHL Is in Dire Straits If Lockout Cancels Season

October 23rd, 2012 by Kevin Schlittenhardt Leave a reply »
Hockey fans are a dedicated tribe that scrapes together their hard-earned money to see their favorite NHL players.

How are they repaid?

With reports of team owners and players fighting over their million-dollar salaries and the threat of a canceled season.

After weeks of small talk between the league and the NHLPA, a glimmer of hope for a 2012-13 season emerged: NHL Commissioner Gary Bettman offered a 50-50 split in revenue between owners and players, and a full season starting in November.

"It was done in the spirit of getting a deal done," said Bettman (via Sports Illustrated).

Donald Fehr, executive director of the NHLPA, answered Bettman’s proposal with three counteroffers of his own.

According to the New York Times, Fehr’s first two counteroffers accepted Bettman’s terms, providing the league’s revenue grew at a specified rate over the next several years. Both counteroffers were rejected by Bettman.

Fehr’s final counteroffer agreed to Bettman’s terms under the condition that the NHL honors all current contracts. The league did not budge.
Read Full Article at Bleacher Report - NHL
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