NHL Lockout: Details of NHL Offer Starting to Leak Out

Tom Urtz Jr.Contributor IDecember 6, 2012

NEW YORK, NY - DECEMBER 05:  Following the NHL Board of Governors meeting, Commissioner Gary Bettman of the National Hockey League heads uptown to address the media at the Westin Times Square on December 5, 2012 in New York City.  (Photo by Bruce Bennett/Getty Images)
Bruce Bennett/Getty Images

After a day full of discussions that were categorized as candid, it appears that both the NHL and NHLPA are making some significant progress towards signing a new CBA. Twitter was used as an outlet by writers to share tons of news based on the day's negotiations.

Shortly after both sides decided that they were done for the day, some details of a new NHL offer were released on Twitter by Sportsnet's John Shannon:

Leagued proposed increasing "make whole" provision to 300 Million Dollars.

— John Shannon (@JSportsnet) December 6, 2012

League proposed that UFA and Arbitration rules stayed same as last CBA...27 and 4 Years Pro.

— John Shannon (@JSportsnet) December 6, 2012

League would not budge on Contract Term or Variance... 5 Years... 5%.

— John Shannon (@JSportsnet) December 6, 2012

There would an exception for signing your own Free Agent...7 Year Contracts.

— John Shannon (@JSportsnet) December 6, 2012

League proposed new CBA as a 10 Year Deal.

— John Shannon (@JSportsnet) December 6, 2012

Expectation of tomorrow's meeting...hopefully more talk...and some answers from the NHLPA on the proposal.

— John Shannon (@JSportsnet) December 6, 2012

This information is a lot to digest so here is a simple breakdown. When the NHLPA decided to move off their desire for the owners to honor guaranteed contracts, they wanted a bigger slice of the NHL's proposed "make whole provision."

The NHLPA wanted $393 million, but the league was only prepared to give $200 million. The increase to $300 million is not exactly what the NHLPA wanted, but the increase could be viewed as a step towards the middle.

The NHL also added a new provision to free agency. The league won't budge on having contracts capped at five years, but they would allow teams to retain their own free agents for up to seven years. This provision is a nice hybrid that should satisfy a lot of teams.

Current free agency and arbitration stipulations would also remain status quo under the new proposed 10-year CBA, and that is another positive to take out of the latest bargaining talks.

A 10-year CBA would allow the league to gain momentum and work out contractual problems that come up in the future and it would provide a buffer to prepare against future lockouts.

With all this in mind, fans have a reason to be hopeful for an NHL season starting soon. At times the negotiations were described as tense and on the verge of breaking down, but the NHLPA and NHL kept at it all day long and made some progress. 

While both sides still have some more issues to tackle in the boardroom, it is safe to say that both sides are speaking the same language and they are making strides to get a deal done.

The two sides are scheduled to meet again on Thursday, so stay with Bleacher Report for the latest NHL lockout news.