This will come down to the wire because deadlines drive decisions, but at some point in January, perhaps around All-Star Weekend in Los Angeles, the NHL and NHLPA will announce NHL players will be going to the 2018 PyeongChang Olympics, even though the current signs point in the other direction.
Olympic participation never has driven the League's bottom line, but a huge, important and realistic component to this difficult decision is if the League can get the NHLPA to agree to a broader international schedule, the Olympics will be included. It makes sense for the NHLPA because of the impact the global game can have on marketing and promotion of the players, not to mention the national pride that comes with it.
It would benefit the NHL and NHLPA if the decision to attend the Olympics and create a broader international schedule includes extra years tacked on to the current Collective Bargaining Agreement. As NHL Commissioner Gary Bettman has said, it is important to have guaranteed labor peace at a time when both parties want to expand the game globally.