The NHL owners may have made a big move towards resolving the lockout, as the league submitted a new offer for a collective bargaining agreement that would call for a 50-50 split of hockey-related revenue and no salary rollbacks for current contracts.

Commissioner Gary Betman told reporters Tuesday that the league has given Donald Fehr and the NHLPA “about 10 days” to accept the offer. Should the deal be accepted, the NHL season would begin on Nov. 2 and every team would play an extra game every five weeks in order to play a full 82-game schedule.

Other unknown details of the offer may make the offer less appealing to the NHLPA than the news of a 50-50 split without rollbacks might suggest, but the news of the offer over one month since either side has submitted one should serve as encouraging news. Thus far, games have been cancelled through Oct. 24.