The NHL owners made an offer to the NHLPA that included a 50/50 share in hockey related revenues. The offer also included stipulations that player contracts not exceed 5 years, as well as changes to free agency and arbitration eligibility.
It's a lot of legal mumbo jumbo after that. The players have concerns about deferred payments, points of contention about the time until arbitration eligible, stipulations about revenue sharing. And so on.
Basically, it's stuff for lawyers.
I've been considering Law School for awhile now and all these sports lockouts and CBA negotiations are pushing me closer and closer to taking the LSATs. It seems like the best path to make serious money in pro sports isn't playing basketball at Kentucky or football at Alabama, it's to take Law classes at Suffolk.
Anyway, the fact that the NHLPA needs time is a good thing. They aren't instantly rejecting the offer. They need to digest it, hammer out some details, negotiate a few things. They're giving up a lot, which is always tough. But if both sides bend a bit more, this can get done.
This is a Kama Sutra moment in these negotiations as both parties will need to be flexible. The good news is, they seem to want to get in bed together. Figuratively speaking.