It is...problem is though most of the profit is made by a handful of teams in the NHL. It's not really practical for five teams to sustain the entire league, so you have these draconian CBA proposals since the owners' choice is to either play Robin Hood or reduce the players' share to an equitable level compared to those other sports to at least put a band-aid on the bleeding. And fwiw, the MLB revenue sharing only includes TV money, which is substantial but not the whole pie by any means.
Or maybe institute a luxury tax, which is by far the most sensible option when you have a league with a few massive teams and then an even distribution around those clubs. Or, better yet, dilute the big market teams' market somewhat by adding another team which could also generate substantial revenues, rather than propping up failing franchises.
This might be a lot simpler if NHL owners + GMs knew how to run franchises, but they do not.
Edited by Triumph, 26 December 2012 - 06:27 PM.