from Greg Wyshynski of Puck Daddy,

According to sources who attended the meeting, NHL Commissioner Gary Bettman informed NHL staff that they'll work four days a week and that their pay will be cut by 20 percent, beginning on Oct. 1.

There would be no layoffs initially for the NHL in the early stages of the lockout. In fact this pay cut was positioned as a way to potentially avoid them later on.

But Bettman reportedly wouldn't guarantee that staffing levels would be unaffected by a prolonged work stoppage.

a bit more...