Why is this good news? Leave revenue sharing between teams upto the NHL, not the PA.
It smells like a long-term agenda. Propose a situation where the league "takes care" of it's hardluck teams, thereby removing the ability for the league to claim economic peril as a reason for the players to cede revenue during the next CBA negotiation.
Ultimately, I don't see the league accepting a three year decline with make-whole. I don't know why the damn PA keeps proposing a gradual decline, the league is clearly not interested in anything but year 1 50-50. Get creative.