Commissioner Bettman Statement Transcript
                         Toronto, October 16, 2012


      Good afternoon, everyone.  Bill Daly and I just spent the last hour

with Don and Steve Fehr, and I would like to briefly report to you on what

was discussed.  As I think all of you know we have been extremely

disappointed, and that's an understatement, that we've been unable to get

these negotiations on the essential elements moving forward.  So, today, we

began by discussing with Don and Steve that if we were to drop the puck on

November 2nd for the start of the regular season, we could preserve an

82-game schedule for the regular season and play full playoffs as we

normally do and be done before the end of June.


      We very much want to preserve a full 82-game season, and in that

light, we made a proposal, an offer, really that is our best shot at

preserving an 82-game regular season and playoffs, and this offer that we

made obviously was contingent upon having an 82-game regular season.


      A lot of you know we don't negotiate publicly, and I'm not going to

break that habit because I don't think it's constructive.  The fact of the

matter is, we offered a 50-50 share of HRR, hockey related revenues, and we

believe we addressed the concern that players have about what happens to

their salaries as a result in this year of reducing the percentage from 57

to 50%.

      Beyond that, I don't want to get into the substance other than to say

we believe that this was a fair offer for a long-term deal, and it's one

that we hope gets a positive reaction so that we can drop the puck on

November 2nd -- which backing up, entails at least a one-week training

camp.  So we have about nine or ten days to get this all put to bed,

signed, sealed and delivered, in order for this offer to be effective and

for us to move forward.

      We hope that this effort that we've undertaken today would be

successful because we know how difficult this all has been for everybody

associated with the game, particularly our fans.