I have never liked the current system. Teams should not be rewarded for losing a game. If you are going to play overtime and a shootout to determine a winner, there should be a loser, too. Make it simple -- 2 points for any win, and you get nothing for losing. If you don't like awarding two points for a gimmick win via a shootout, then let the game end in a tie after 3 on 3 overtime and award each team one point. There is nothing wrong with a regular season tie -- the NFL still has them occasionally.
Baseball, football and basketball do not reward teams who lose in overtime. Why should hockey? This is professional sports, not grade school where kids get participation trophies and "everyone's a winner".
Can you tell how much I dislike the "loser point"?
Baseball teams play every day, so if they go a few extra innings, who cares. Football is once a week. Basketball, how often do games go to OT? Again, all of those leagues have different values to various ways of scoring. It's why games hardly even get to OT in those sports.
The 76-77 Canadiens, the greatest team of all time, had more ties than losses. That was back when men were men, and years before Bettman ruined the sport. The year Gretzky had 92 goals, the Oilers had 15 ties. The first year with a 5 minute OT at 5v5, Gretzky had 87 goals, and the Oilers still ended up tied 5 times.
If the NHL went back to 5v5 OT for 5 minutes, then no game would be worth 3 points again. Baseball, football, and basketball don't take players off the playing surface in their OT's.
Baseball keeps going until a winner is determined. So does Basketball. Football has ties.
Hockey should have one or the other.
You can score 4 runs on one hit in baseball. You have 2 or 3 point shots in basketball. You can get 3 or 6 point plays in football. In hockey, you get 1 goal per shot, no matter where you shoot it from, or how you get it. Change that, and you can get rid of the point system in the standings. Make a PP goal worth 1.5 goals or whatever.
It is a loser point, because you get it if you go to OT, then lose.
The problem is that some games can be worth 3 points, and some worth 2. You can't have it like that.
Not to mention the huge incentive for a team to just get to OT, which leads to conservative play. The complaint was that OT was boring as teams "played to protect the point", hence the loser point. Make every game worth 3 points. Simple. This way the teams that can't win in regulation might get something, but those that can, get rewarded.
You have the point before you start OT. The only way to lose that point is by pulling your goalie and getting scored on. You get 0 points for the actual act of losing in overtime. You have the point from being tied at the end of normal play, the way it's always been.
The incentive to get to OT if regulation wins were worth 3 points would be no less than it currently is. And the teams that win in regulation today do get rewarded. The other team they're playing doesn't get any points, and they don't have to worry about what any other team does. If you leave your fate to 3v3, or a SO, you take your chances.