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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, said the proposal could "stabilize the industry."
Fehr said 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.
"We do believe that the proposal the players made today, once implemented, can produce a stable industry ... that can give us a chance to move beyond the recurring labor strife that has plagued the NHL the last two decades," Fehr said.
- Associated Press