After talks on the fourth consecutive day ended on Friday, the NHL is reportedly offering a 50-50 revenue split to the NHL Player’s Association, while honoring all existing contracts in a potential new collective bargaining agreement, according to an article by Michael Russo of the Minneapolis Star Tribune.
NHL Lockout 2012: League offering 50-50, will honor contracts, according to report
The NHL is reportedly offering a deal to the player’s union that includes a 50-50 revenue split while honoring all existing contracts.
Brad Penner-US PRESSWIRE
It’s an offer that, according to the report, many players would be ready to end the lockout and return to play for. In order to get their existing contracts and 50-50 split of the revenue, however, the NHL’s offer details a reduction in player salaries for either one or two seasons after the hypothetical collective bargaining agreement would go into effect, as “the owners will pay them back, plus interest, and it would not go against their share and the league is guaranteeing it no matter where the revenue of the league goes,” according to a source in the article.
Per the NHL’s potential offer, by the third year of the new collective bargaining agreement, player salaries would be equal if the league’s overall revenues increase by five percent.
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