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08-09-2012, 11:52 PM
Join Date: Sep 2004
Location: North of the Tank
The roughly two-hour negotiating session Thursday included a presentation by the Players' Association directly related to the NHL's proposal on revenue sharing.
Fehr and Commissioner Bettman indicated the two sides need to bridge a significant gap in regards to revenue sharing. Commissioner Bettman said part of that gap includes "the significance and importance of revenue sharing."
Commissioner Bettman said that while the League is willing to increase its revenue sharing "in a variety of ways that we proposed," revenue sharing is not the key element of the negotiations for the League. He said that the owners' fundamental proposal "relates to the fact that we need to be paying out less in player costs."
"We're not close on that issue (revenue sharing)," Commissioner Bettman added, "and frankly revenue sharing is part of the bigger economic picture."
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