I'm not sure what the lockout was about if it not to try and make the league more profitable overall. I've not paid close enough attention to individual teams claims about their fiscal positions. But I find it hard to accept any owners claim last year, when they had real incentive to claim they were losing money as leverage against the PA. If I remember correctly just a couple years ago 2/3rds of teams were making money. That is less than fantastic, but it isn't the picture that has been painted recently. Overall though, I don't think our opinion on the KHL is that different. I see it as a threat to the NHL, but certainly not immediately. And I think the further west they move (out of Russia), the more accountability in terms of how teams are operated will be demanded. Along with that, I would assume that there will be some type of push for some sort of PA. It will be interesting to see how things develop, but I don't see it as being a horrible thing for hockey fans. If the KHL grows and brings more exposure for hockey, I see that as a win. You'll see countries invest more in their hockey programs which will hopefully result in more high end talent developed in what are currently less traditional hockey countries. End of the day though, I think the NHL will always be the top professional hockey league in the world.