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NHL lockout 2012: hockey players fight owners

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Published on Sep 18, 2012

NHL Commissioner Gary Bettman has locked out NHL players for the third time in 20 years. The owners want to reduce the players' share of hockey-related revenue by nearly a quarter, from 57 percent of revenue to 43 percent.

As with last year's NBA lockout, the NHL lockout is happening because certain owners can't control their spending and want the players to bail them out.

During the last NHL lockout, the entire 2004-2005 season was cancelled. The lockout ended when the players agreed to what amounted to a 24 percent pay cut. Revenue since the 2004-2005 NHL lockout has increased nearly 60%, from $2.1 billion to $3.3 billion. And now hockey's fat cat owners want even more.

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