Found October 16, 2012 on Diehardsport:

Huge news has exploded across Twitter today after the NHL and NHLPA concluded their meeting.Per @reporterchris and the rest of Toronto sports media, NHL goes 50/50 in latest offer. Hoped PA would blink; was ready to go here 4 weeks— Greg Wyshynski (@wyshynski) October 16, 2012Bettman says NHL made proposal today to preserve 82 game season to start on Nov. 2. He says it includes a 50-50 split across the board.— Dan Rosen (@drosennhl) October 16, 2012Bettman says there is no rollback. He said proposal was long term deal. He did not mention years in deal.— Dan Rosen (@drosennhl) October 16, 2012This is massive news. More and more players have been going overseas to play in different European leagues, and the NHL wants to be able to salvage the season. Apparently they have designed a schedule that could fit in all 82 games from November-April.This deal is the first realistic deal, in terms of revenue split, that the Owners have offered the players and with no mention of rolling back salaries, this could be the start to the deal getting done.Am told in NHL offer there is a proposal designed to “protect” players for salary reductions in the initial years— Pierre LeBrun (@Real_ESPNLeBrun) October 16, 2012Also league has taken off table some of the systemic changes to player contracts which they asked for in initial July offer— Pierre LeBrun (@Real_ESPNLeBrun) October 16, 2012One of the major concerns outside of the revenue split has been how much salaries would be rolled back for the players. The players don’t want to give up the contracts that many have signed recently, mainly because the average career length for hockey players is around five years. As the players are already the ones who are paid the least of the major sports, it seems reasonable that they don’t want to sacrifice more of their salaries.I may be a bit hopeful, but I think that this offer will be the start of a solution, and the fact that this offer came in October instead of November or December, means that the Owners aren’t as serious as they were during the last lockout. In this staring contest, it appears that the Owners have blinked first.

THE BACKYARD
BEST OF MAXIM
NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.