Just one month before the NHL's collective bargaining agreement expires the Players Association has finally made a counter-proposal.
The union claims it includes a smaller percentage of revenue to players, expanded revenue sharing for weaker financial teams and a five-year limit on contracts.
Donald Fehr, the executive director of the NHL Players' Association, said players are set to surrender as much as $465 million in revenue under the proposal and that number could balloon to $800 million if the league grows at the same rate it has over the last two seasons.
The current CBA expires September 15.
The NHL has said there will be a lockout if a new agreement isn't in place by then. The regular season is slated to start on October 11.
