NHL Commissioner Gary Bettman says the league fully intends to lock out if it can’t come to terms with the players’ association on a new collective bargaining agreement by the Sept. 15 expiration date.
"We reiterated to the union that the owners will not play another year under the current agreement,” Bettman told reporters in New York after labor talks ended Thursday.
According to ESPN’s Katie Strang, Bettman confirmed that one of the biggest gaps between the two sides is revenue sharing.
League revenues reached an all-time high of $3.3 billion last season — believed to be an increase of more than $1 billion annually since the lockout. The owners’ initial July 13 proposal asks for a decrease from the 57 percent of hockey-related revenue the players currently receive to 46 percent.
The 2012-13 NHL season is slated to open Oct. 11.
Related: Key issues for NHL CBA negotiations