NHL Season Inches Toward Total Loss
The National Hockey League cancelled another swath of games today, eliminating all regular season games through December 14 plus the All-Star Game in Columbus, Ohio that was scheduled for January 27. The NHL lockout has now wiped out 422 regular season games plus the Winter Classic that was cancelled earlier this month. The lack of progress between the league and the National Hockey League Players Association increasingly threatens cancellation of the entire season. The union submitted a new proposal at the league’s request on Wednesday, but that offer was rebuffed, leaving the players and owners at odds. The union offered to link the players’ share to revenue in the league’s preferred percentage-based system, a substantial concession. But the owners object to the union’s plan to honor existing contracts — $393 million compared to the league’s last offer of $211 million. NHL commissioner Gary Bettman said the lockout has resulted in the league losing between $18 million and $20 million daily. The lockout has also been painful for NBC Sports Network and NBC, which have rights to NHL games. This is the fourth work stoppage for the NHL since 1992, including cancellation of the entire 2004-05 season.
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