Fans of the National Hockey League (NHL) were excited to see the season open this past weekend after a four-month lockout. Similar to the National Basketball Association (NBA), which went through a lockout last year, the NHL will play a reduced schedule. Last year, NBA teams played 66 games during the shortened season and the NHL will play 48 games this year (a full season is 82 games for both leagues). A closer examination of the truncated seasons offers some useful lessons for executives.