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Old 10-16-2012, 04:03 PM   #1
Piscator
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From bostondotcom
"The NHL today made a somewhat surprising offer to its players in an attempt to end the lockout and kick-start the 2012-13 season on Nov. 2 -- which would represent approximately a three-week delay from its original Oct. 11 start.

According to NHL commissioner Gary Bettman, the league is willing to split the Hockey Related Revenue, 50-50, with the players. In its first offer to the players in July, the league sought to share a much smaller percentage, possibly as little as 43 percent, according to how the NHL Players Association deciphered the offer.

The 50-50 share in itself is encouraging, but it is a steep drop from the 57 percent the players have pocketed since the start of the salary cap system that was instituted out of the 2004-05 lockout. So while 50 percent is certainly better than 43 percent, it still represents a substantial drop in hard dollars for the players, considering the league's HRR last season was some $3.3 billion.

It is not likely that union leadership will easily accept the idea of falling back from $1.88 billion (at 57 percent) to $1.65 billion (at 50 percent). Net loss: $230 million."
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