Players' union presents NHL new five-year deal

November 21, 2012, 9:05 pm
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Tim Panaccio

NEW YORK -- The National Hockey League this week asked for a new, percentage-based proposal from the players' union that moved toward them.That appears to have transpired, as the NHLPA responded with just such a proposal Wednesday morning in hopes of ending the 67-day lockout.Union executive director Donald Fehr said during a recess in the talks that his group presented a five-year, percentage-based proposal that leaves the two sides 182 million apart.The league initially offered 211 million to make whole existing player contracts. The union's proposal today asked for 393 million to achieve this in four years, according to the Canadian Press. Thus, the 182 million difference. The players agreed that they would go to 5050 on HRR immediately.READ MORE AT