The lockout began Sept. 16 after the collective bargaining agreement expired, and both sides rejected proposals Oct. 18. The belief is that the players’ association has agreed to a 50-50 split of hockey-related revenues, but that division wouldn’t kick in until the third year of the deal.
“Collective bargaining is a process, and it has peaks and valleys and ebbs and flows,” Bettman said. “It is very tough to handicap.”
Revenue sharing and the make-whole provision are major hurdles. Both sides have made proposals that included a 50-50 split of hockey-related revenues. The NHL has moved toward the players’ side in the “make-whole” provision and whose share of the economic pie that money will come from.
Along with the split of hockey-related revenue and other core economic issues, contract lengths, arbitration and free agency also must be agreed upon.
The union accepted a salary cap in the previous labor pact, which wasn’t reached until after the entire 2004-05 season was canceled because of a lockout. The union doesn’t want to absorb the majority of concessions this time after the NHL had record revenue that exceeded $3 billion last season.
'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Take a look at our pet friendly reviews and travel tips or find the best vacation deals and activities compiled by the The Washington Times Communities experts.
When you need to know who is making business, and what business is being made, you need the Business Browser.
How does our 50th state view D.C. politics?
A collection of reader guest articles, thoughts and opinions by Communities writers and breaking news and information.
Benghazi: The anatomy of a scandal
13 Photos
Vietnam Memorial adds four names
18 Photos
Cinco de Mayo on the Mall
11 Photos
