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Players ponder latest offer from owners

Both sides plan Monday meeting in bid to end NHL lockout

  • AFP
  • Published: 12:19 December 31, 2012
  • Gulf News

New York: Representatives of the NHL and the NHL Players’ Association met Sunday to talk about the league’s latest proposal to strike a contract deal and salvage a shortened season.

NHL.com reported that Sunday’s informal talks lasted two-and-a-half hours and that the sides planned to meet again on Monday.

Team owners have already wiped out 625 games through January 14, just more than half the planned schedule that was to have started in October, and vow they will not stage a season with less than 48 games per team.

That means a deal by mid-January is essential if the league is not to lose the entire season to the lockout that began in September.

On Friday, league officials confirmed they had made a new “comprehensive” contract proposal to players.

Deputy commissioner Bill Daly declined to go into specifics, but the proposal was reported to include a six-year limit on player contracts — up from the five years the league had sought previously — along with movement toward the players on issues including year-to-year salary variance and contract buy-out regulations.

Owners locked out players after the expiration of a contract that was reached after the 2004-2005 season was wiped out by a similar bitter fight over finances.

Players, who were paid 57 per cent of $3.3 billion (Dh12.12 billion) in revenues under the old deal, have moved closer to the 50-50 split found in other North American sports but want owners to increase the amount of shared revenue from strong teams to bolster the fortunes of owners pleading poverty under the previous system.

Gulf News