Report: NHL seeking major givebacks

BY foxsports • July 14, 2012

The NHL might be heading toward another lengthy lockout.

The owners are seeking substantial cuts into the players’ percentage of the league’s gross income, according to a New York Post report. The owners are apparently demanding that the players accept 46 percent of the revenue, down from the current 57 percent.

The league also wants to reduce teams' salary cap number from $8 million over the midpoint to $4 million and is calling for a five-year limit on all player contracts and the removal of all signing bonuses.

The report also states that unrestricted free agency would be limited to players with 10 seasons in the league. Players currently need to have seven seasons in the NHL to become unrestricted free agents.

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