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Players are greedy. Profit sharing is the only way it will work. First they have to actually be able to make a profit from the NHL and that's not going to happen without salary caps at least in the short term.
This situation will eventually happen to other sports including NFL and NBA. There will come a time where not even the fan base will be able to support the amounts of money needed to pay players their salaries. It's just a matter of time.
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