Collective bargaining talks have resumed at the NHL's head office in New York this morning as the NHL Players' Association has tabled a new five-year proposal to the league and awaits a response.
"It's about as good we can do," NHLPA executive director Donald Fehr told reporters on Wednesday.
In what is considered a significant move by the players, sources tell TSN's Darren Dreger that the NHLPA's proposal will see the union move off its position on guaranteed players share dollars and shifts more to the owners demand of a percentage base in the revenue split.
It's also believed the players proposal works off the NHL's designed Make Whole provision, however, the players are asking for an additional $180 million above the $211 million originally offered by the NHL.
"We're making a move in their direction, so I don't see why they wouldn't consider it," Sidney Crosby told reporters in Pittsburgh on Wednesday morning.
The meeting comes at the same time the league is expected to cancel more games. According to sources, the NHL has decided to wipe the first two weeks of December off the schedule, which will bring the total lost during the lockout to more than 400 games. Regular season games have been canceled through Nov. 30, along with the Winter Classic contest that was supposed to be held on New Year's Day in Ann Arbor between the Toronto Maple Leafs and Detroit Red Wings.
In addition to revenue split and player contract rules, the sides need to work out how to pay for the damage caused by the lockout. In the NHLPA's most recent offer, which was tabled Nov. 7, the union asked for the players' share of revenues to jump in fixed increments of 1.75 per cent each season starting from the $1.883-billion they took in last year. That proposal didn't include the mechanism that would be used to account for the reduced revenue generated during a shortened 2012-13 season.
The NHL would prefer a proposal based on a percentage of annual revenue.
The two sides have been without a CBA since the previous one expired just before midnight on Sept. 15.
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