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If you reduce the teams you suddenly have an influx of high price players on your hands and no way to pay them, because ticket prices will have to be raised in order to pay these new players, and fans are not paying the prices now so a price raise will put more strain on an already fragile relationship between fans and the NHL.
If the CBA is not resolved and there is a lockout next year then the NHL will have even worse attendance than now.
I say put the game back to the way it was in the old days, no instigator rule, one referee, move the nets back (because there is no need for that much room behind the nets, look at Gretzky), fine referees for missed or bad calls much like the NFL, and for god sakes quit trying to change the game, every supposed improvement ruins the worlds greatest game that much more.
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Absence makes the heart grow fonder
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