The NHL has offered players a 50-50 split in hockey-related revenue in the latest pitch by commissioner Gary Bettman. The latest proposal is contingent on the regular season beginning on Nov. 2, which would preserve the league’s 82-game schedule.  NHL owners say the players need to accept a drop from the 57% share the players received under the salary cap of the last agreement.

The lockout has gone on for one month and the entire preseason has been lost. If the sides do not come to an agreement soon, more cancellations and lost game will put a full schedule in jeopardy.  NHLPA executive director Donald Fehr says the union will study the offer and get back to NHL “sooner rather than later.”