I can see why the owners would want it gone, it really has only MOSTLY worked to the benefit of the NHLPA. And it would be "something" that the players could "give up" that won't hurt too bad.
Arbitration isn't going away.
I wonder if they will try to change to baseball-style arbitration where the team names a number, the player names a number, and the arbitrator selects one of those numbers. In hockey, the arbitrator can award anything within the range that the team and player pick, leading players to ask for the moon and teams to ask for nothing.
That is an interesting point. It could definitely pull the players $ down to earth to benefit the owners, and still raise the players pay in probably the majority of the cases. As long as they made a reasonable request that is. So I could also see that as a negotiated "give" on the part of the NHLPA and the owners.
I'm gettin 'd a lot lately!