Owners afraid the lockout is decreasing the value of their teams
This is from a Q&A segment on Yahoo Sports:
Yahoo! Sports Q&A – The NHL
Gary Bettman went ahead and made false promises and commitments and ruined the game. Do you think any agreement will be reached before the season entirely ends, or will this truly be the end of the sport for a temporary undetermined time?
Yahoo! Sports' national columnist Dan Wetzel replies: I am optimistic they will get it done in January. The owners will realize there is little demand or interest in their teams and grow concerned their franchises are losing value. The players, by then, will be sick of playing Mr. Mom and willing to sign off on just about anything reasonable.