" It took the PA slightly more than five weeks to reckon with the harsh reality that the owners are serious about gaining major financial givebacks, and today's response by the union more closely resembled the 50/50 offer that owners put on the table in October when the lockout was but a month old. In essence, the players finally were prepared to split in half the game's gross revenues, which last year totaled some $3.3 billion.
Today's offer had the players accepting the even split (a drop from their 57 percent share each of the last seven years) while also requesting that the owners allocate an additional $182 million toward the contentious ''Make Whole'' provision that addresses the value of player contracts already on the books. In its last offer, the league earmarked $211 million toward that provision, and now the players want a total $393 million, paid over four years. No doubt that will take some protracted jawboning, especially in light of the league's negative overall response today.
Other than an offer to amend the contentious long-term back-diving contracts, which have been a way for teams to ease (read: cheat) salary cap burdens, the new players' offer did not address many of the key language/rights amendments that owners demanded in the Oct. 16 offer.
However, conventional wisdom in recent weeks has been that owners would relent on many/most of these provisions if the PA came around to the 50/50 revenue split and peace could be made on the Make Whole issue. No telling yet if that conventional wisdom proved true or was simply wiseguy speculation. "
So why no counter proposal from the owners ?
Why just walk away from the table after the NHLPA conceded more money ?