Originally posted on Fox Sports Florida  |  Last updated 1/8/13
NEW YORK (AP) -- NHL owners will vote Wednesday on the tentative labor agreement reached with the players' union. If a majority approves, as expected, the NHL will move one step closer toward the official end of the long lockout that began Sept. 16. As of Tuesday afternoon, a memorandum of understanding of the deal hadn't been completed, so the union has yet to schedule a vote for its more than 700 members. A majority of players also must approve the deal for hockey to return to the ice. "We continue to document the agreement," NHL deputy commissioner Bill Daly told The Associated Press in an email Tuesday. If there are no snags, ratification could be finished by Saturday and training camps can open Sunday if approval is reached on both sides. A 48-game regular season would then be expected to begin on Jan. 19. "(We) don't need a signed document to complete ratification process," Daly wrote, "but we do need a signed agreement to open camps. The goal is to get that done by Saturday so that we can open camps on Sunday." The NHL has yet to release a new schedule. The regular season was supposed to begin on Oct. 11. The deal was reached Sunday on the 113th day of the lockout and seemingly saved the season that was delayed for three months and cut nearly in half. It took a 16-hour final bargaining session in a New York hotel for the agreement to finally be completed at about 5 a.m. The lockout led to the cancellation of at least 480 games. That brings the total of lost regular-season games to a minimum 2,178 during three lockouts under Commissioner Gary Bettman. The damage is significant. Perhaps 1 billion in revenue could be lost this season, given about 40 percent of the regular-season schedule won't be played. Players will also lose a large part of their salaries, not to mention time lost in their careers. Hockey's first labor dispute was an 11-day strike in 1992 that led to the postponement of 30 games. Bettman became the commissioner in February 1993. He presided over a 103-day lockout in 1994-95 that ended with a deal on Jan. 11, then a 301-day lockout in 2004-05 that made the NHL the only major North American professional sports league to lose an entire season. The NHL obtained a salary cap in the agreement that followed that dispute and now wanted more gains. The NHL's revenue of 3.3 billion last season lagged well behind the NFL (9 billion), Major League Baseball (7.5 billion) and the NBA (5 billion), and the deal will lower the hockey players' percentage from 57 to 50 -- owners originally had proposed 46 percent. This was the third lockout among the major U.S. sports in a period of just more than a year. A four-month NFL lockout ended in July 2011 with the loss of only one exhibition game, and an NBA lockout caused each team's schedule to be cut from 82 games to 66 last season.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Rob Manfred: No significant rule changes in 2017, blames MLBPA

Report: Zach Britton has potential oblique injury

The Rock returns to WWE, leaves CM Punk a voicemail after 'Raw'

After outfield collision, Ichiro pranks teammate and claims he’s been cut

Simeon Rice gets vulgar with radio host over HOF debate

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Ronda Rousey to be guest star on NBC’s ‘Blindspot’

Lakers replace Jim Buss with Magic Johnson, fire Kupchak

Report: James Harrison, Steelers share mutual interest in 2017 return

Jimmy Garoppolo’s mom keeping him up to speed on his trade rumors

Report: Clippers intent on keeping both Blake Griffin, Chris Paul

Slam dunks and startups: How all-star technology took over the NBA in The Big Easy

Nintendo is finally, thankfully embracing sports and eSports

The 'Did the Kings just make the Pelicans into a super team?' quiz

Will the Timberwolves start showcasing their potential?

'Playmakers' in Ice Cube's league who can help the Cavs

Box Score 2/21: It's trade heartbreak season

The guard tandems you'd want in a 2-on-2 tournament

We got our hands on the new Nintendo Switch, here are our first impressions

Top 10 second basemen in baseball for 2017

Teams and players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

Baseball movies you can stream now to hold you over until Opening Day

Movies you can stream now to get your football fix

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!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Nintendo is finally, thankfully embracing sports and eSports

The 'Did the Kings just make the Pelicans into a super team?' quiz

Will the Timberwolves start showcasing their potential?

'Playmakers' in Ice Cube's league who can help the Cavs

QUIZ: Name every MLB pitcher to win 100 games with two different teams

The guard tandems you'd want in a 2-on-2 tournament

We got our hands on the new Nintendo Switch, here are our first impressions

Top 10 second basemen in baseball for 2017

Teams, players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker