NHL Lockout: Players Offered 50-50 Revenue Split

It's the first real movement since the lockout began

   

NHL Lockout: Players Offered 50-50 Revenue Split

The National Hockey League made the first move today in its impasse with the NHL Players’ Association. The league offered a 50-50 revenue split with the players.

The offer, reported in The New York Times, includes only hockey-related revenue and is less than the 57% the players received last year. The proposal does include language that requires teams with existing player contracts to honor them even if they exceed the limits of the new agreement.

The NHL has been under a lockout since Sept. 15. League Commissioner Gary Bettman claims that a full season can still be salvaged if an agreement is reached within a few days. The new season would start Nov. 2 following a shortened training camp.

The NHL is seeking the 50-50 split of revenue following an initial proposal that would have seen the players with 43% of hockey revenue.

Players’ Association chief Donald Fehr is hopeful that a solution is imminent.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/10/nhl-lockout-players-offered-50-50-revenue-split/.

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