If I were a player I would take the latest deal, cuz it's not going to get much better.
That being said, it's pretty clear that the owners need a better CBA because they can't control themselves.
At the end of the day, they sign the checks.
There's no latest deal anymore. Fehr messed up his hand with that last presser. According to Bettman, the negotiations are essentially back to square 1. I wouldn't be surprised if the owners come back with an offer with no make whole at all in it. All that after a confidence vote which the PA would qualify as theatrical of course.