NHL lockout 2012: Owners offer extends free agency, limits long-term contracts

Bruce Bennett - Getty Images

Tuesday's offer from the NHL will cut long-term contracts, extend free agency and keep salary arbitration in tact.

The NHL's big CBA proposal was certainly movement in talks that could end the ongoing lockout, as they've offered a 50/50 revenue split and no immediate rollback in player salaries. They have, however, asked for a limit on contract terms and slight changes to free agency rules, according to John Shannon at Sportsnet.

According to a series of tweets from Shannon, the details:

* Unrestricted free agency would begin at age 28 or eight years of NHL service, up from 27 and seven years presently -- movement of one year in the owners' favor.

* Entry-level contracts, which allow teams to keep young players locked in at low salaries for the first several years of their careers, would remain at three years in length. Shannon had originally reported that this would change to four years, but later issued a correction.

* A five-year limit would be put in place on all long-term contracts. Currently, there is no term limit.

* Salary arbitration, which was eliminated in the owners' initial proposal, remains in tact.

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