LIVE VIDEO: Channel 2 News Daybreak    Watch
 

New Offer, No Progress in NHL Lockout Talks

8:31 AM, Nov 22, 2012   |    comments
  • Share
  • Print
  • - A A A +

NEW YORK (AP) - Negotiations aimed at ending the NHL lockout have broken up for the day, with union head Donald Fehr  saying Wednesday's talks produced "no movement" on the major issues.

Earlier, players gave management a new proposal that the union said left sides less than $40 million apart annually over a five-year contract.

Fehr says that the players had moved more than halfway toward the owner's position with the latest proposal.

On the 67th day of a lockout that already has led to the cancelation of more than a quarter of the regular season, Fehr said players made a percentage-based proposal and said it reflected the economic impact the work stoppage had caused.

NHL Commissioner Gary Bettman on Oct. 16 proposed a 50-50 split of hockey-related revenue. With guaranteed contracts likely to push the players' share over the halfway mark originally, management wants that money to come out of future years to bring the overall percentage down to an even split over the length of an agreement.

WGRZ/ AP

Most Watched Videos