Barnaby makes some points but really, in the end, ownership is between a rock and a hard place regarding salaries.
Fans hurrumph, fold their arms and say, "The owners got themselves into this with their profligate spending." But, as usual, it's not that simple. Owners actually did the players a favor in the '90's indulging their ridiculous salary demands and using expansion money and the promise of a network TV windfall to fund the operation. But expansion is over and the networks took a pass. So now, it's time for a league-wide adjustment.
The Mario Lemieux situation with the Pittsburgh Penguins illustrates my point perfectly. His salary demands were outrageous. But the Penguins were between a rock and a hard place. $60 million over 5 years? Don't pay it, and lose nearly all your season ticket holders and most of the value of your local media. In other words, pay it and go bankrupt, or don't pay it and go bankrupt. So, they sign a garunteed deal as per union rules, Mario, then pleads illness and can't play, and season ticket holders flee anyway. Next thing Mario knows, he owns the team!
The NHL AND the players gambled and lost regarding big media revenues and now it's simply time to pay up. The guys who write the checks know this all to well. It's time for the guys cashing the checks to figure it out.
-HckyFght!