Interesting ideas, though personally I prefer what Brett Hull said- after sixty minutes, the game is over, tied or not. You don’t need overtime unless you need to determine a winner- like in the playoffs- so to have it in the regular season seems pointless. Also, as Hull said, with the current set-up, teams just wait for overtime just to ensure they’ll get something out of the night, making the last few minutes of the game pointless because the teams are playing cautiously. It goes against what the National Hockey League wanted all along- to end catious play in desperate moments like OT- because it basically just moves that period to the end of the third. Also, as Bill Chadwick once said, “OT just allows a stronger team more time to beat a resilient weaker team”, thus weakening parity.
Above all else, though, if you lose, you lose. You shouldn’t be rewarded for it because you don’t deserve it. No team should be rewarded for failure.