TORONTO - The National Hockey League Players' Association made its first proposal on Tuesday in the latest round of collective-bargaining talks with the NHL.
The union said its proposal 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 said that number could balloon to $800 million if the league grows at the same rate it has over the last two seasons.