The NHL players’ association Tuesday presented a proposal for a new collective bargaining agreement that would include a decrease in the players’ share of hockey-related revenue and keep player contract rules the same.

Flanked by the NHL’s two biggest stars in Alex Ovechkin and Sidney Crosby, union leader Donald Fehr said the players and owners simply “don’t see the world the same way,” but that the new proposal from the players “can produce a stable industry.”

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. Fehr didn’t disclose the percentage in the players’ proposal, but said they could give up as much as $465 million in revenue if the league continues to grow at an average rate.

Check out Fehr’s comments in the video above, and for more on the players’ proposal, read the AP story here.