(NEW YORK) — While you were busy watching football or keeping your eye on baseball’s numerous pennant races, the owners of the National Hockey League locked out players during negotiations on a new collective bargaining agreement (CBA).
So what else is new?
It’s the third time it’s happened since 1994 and this same kind of disagreement wiped out the entire 2004-2005 season.
Since training camps for the new season, which begins next month, don’t open until Friday, it’s possible the owners and players might settle their differences. But don’t count on it.
The two sides are at loggerheads over the expired CBA with players wanting to keep 57 percent of the NHL’s revenue that has boomed to $3.3 billion over the past seven years while owners demand a 50/50 split without guaranteed money for the players.
Without a CBA, NHL Commissioner Gary Betmman says there’ll be no hockey played.
Copyright 2012 ABC News Radio
David Shortell, CNN
Nora Hart, CNN
Kathryn Vasel & Aaron Smith, CNN
Steve Almasy, CNN