NHL lockout 2012: Donald Fehr explains three NHLPA offers

NHLPA head Donald Fehr outlined the three CBA proposals the union sent to the league on Thursday, saying all three would have worked their way towards a 50/50 split of hockey-related revenues over a four- or five-year term.

According to various reports, Proposal 1 would give the players a fixed share of revenues in the first three years of the CBA. That share would then be determined in the later years of the deal based on league growth. In Proposal 2, the players would take 25 percent of any growth, and under the league's five percent growth estimation each year, the players' share would reach 50 percent by Year 5 of the deal.

The third proposal was the most intriguing: If the NHL agrees to honor all current contracts at their full value, the union will accept a 50/50 split immediately. Fehr reiterated that he does not support the idea of the NHL's "make whole" provision.

Fehr said that the offers only dealt with the economic issues and that the league didn't take any of them seriously. That seems to be in line with what Gary Bettman said at the same podium minutes prior.

"Today is not a good day. It should have been, but it wasn't," Fehr said.