The 2012 NHL lockout is finally official, and it could spell disaster for the league.
We are eight years removed from the beginning of the last lockout, and this one appears as though it could be on the same track as the one before.
FoxNews.com ran a story by the Associated Press that discussed how day one of the lockout went. A section of the story describes why the collective bargaining agreement (CBA) has been so difficult to come by:
The core issue is money — how to split a $3.3 billion pot of revenue. The owners want to decrease the percentage of hockey-related revenue that goes to players, while the union wants a guarantee that players annually get at least the $1.8 billion in salaries paid out last season.
Basically, the players want their salaries to be equal to last year's or better. The owners want the players to make less so that more of the revenue goes to the people owning the teams.
There are clearly other reasons for not agreeing, but none come close to the issue of money.
So far no games have been missed, but if it gets to that point, then the league can expect to feel some effects from the lack of games.
Here are three potential issues facing the NHL if the lockout does continue.