I just read an interesting article about the cancellation clause in Michigan's contract with the NHL re the Winter Classic. Apparently, the NHL can get out of the contract up to the last minute for only $100K (plus UM's actual expenses). This gives the NHL flexibility to go forward with the event even if a collective bargaining agreement with the players is not reached until December.
At first I thought UM might have gotten screwed by only getting $100,000 even if they spend the bucks necessary to prepare, but it will also be reimbursed for it's expenses (if the contract is cancelled after November 3).
I don't follow hockey much and was not even aware that the season might be interrupted by a strike. I am still trying to get my head around having a hockey game in Michigan Stadium on New Years' Day when (traditionalist as I am), I think the entire focus should be on Michigan playing football somewhere.