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NHL Lockout 2012: Both Sides Meet On Wednesday

With just under four days remaining until a potential work stoppage in the NHL, the league and the NHLPA resumed talks on Wednesday in New York on a potential new collective bargaining agreement.

After a stall in negotiations going back to Friday, August 31, both sides are in New York City for separate meetings within their respective organizations, and restarted talks at 11:35 a.m. ET on Wednesday. Following that, the NHLPA will hold a series of committee meetings over two days, with over 250 players in attendance.

If the two sides can't reach a deal by September 15, the NHL will have another work stoppage on their hands. In 2004 a lockout lasted an entire season, and in 1994-'95, a work stoppage delayed the season until January.

At the core of the debate is a proposed cut in player revenue from 57 to 46 percent. NHL revenue has grown since the last labor agreement, from $2.1 billion to $3.3 billion.

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