TORONTO -- The National Hockey League Players' Association has made its first proposal in the latest round of collective bargaining talks with the NHL.
The union says its proposal to the league includes a smaller percentage of revenues for players and an expanded revenue sharing program to help struggling teams
Donald Fehr, the executive director of the NHL Players' Association, says players are set to surrender as much as $465 million in revenue under the proposal if the league continues to grow at an average rate. He says that number could balloon to $800 million if the league grows at the same rate it has over the last two seasons.
That proposal called for lowering the players' share in revenue and introducing new contract restrictions, including a five-year cap on deals.
The current CBA expires Sept. 15. The NHL has said there will be a lockout if a new agreement isn't in place by then. The regular season is slated to start on Oct. 11.