Barring a complete cave-in by its 30 owners the NHL is less than 58 hours away from its second work stoppage in eight years.
Why? Because the league and its players cannot agree on how to divide 3.3 billion in annual revenue.
With the leagues current Collective Bargaining Agreement set to expire at 11:59
Saturday night, NHL Players Association executive director Donald Fehr said Thursday that the most recent proposal from commissioner Gary Bettman calls for a 17.5 percent reduction in revenue sharing, totaling 330 million a year.
What would your reaction be in similar circumstances? Fehr rhetorically asked reporters after meeting with nearly 300 players in New York.
"The perception we have sometimes is that all they're interested in is talking about salary reductions,.
Bettman is expected to address the media later this afternoon, following a meeting with the NHLs Board of Directors. Bettman has said the NHL will impose a lockout if a new agreement is not reached by Saturday.
Bettmans most recent proposal to the players calls for their share of revenue to be dropped from its current 57 percent to 49 percent this season, with a gradual six-year slide ending at 47 percent.
According to Fehr, the NHLPAs most recent proposal is a four-year deal that starts with a 54.3 percent share for the players, falling to 52.7 percent at its conclusion.
Penguins captain Sidney Crosby said he still believes that with some more negotiating, the two sides can reach an agreement before games are lost. The NHL regular season is scheduled to begin Oct. 11.
If you look at both proposals, yeah, they're definitely different, Crosby told reporters. But if you have a non-biased opinion and you look at the facts, I think our mindset and the direction we're going is one that seems like it's a little bit more fair for both sides.