But, to get back on topic. I don't think the players could "revolt" as the NHLPA is in discussions with the league. So, an NHLPA member would not be able to just say, "Screw the NHL, I am going to the Olympics", because the IIHF would likely not allow it either. However, the compromise most likely to be met is that players who want to go could do so with permission from their team, but the league is not going to shut down. Leonisis has already said if Ovechkin wants to go, he won't stop him.
There would also have to be some caveats about injuries. If Ovie gets hurt, the Caps do not have to pay him until he can play, or something along those lines. Secondly, Ovie would be responsible for his own insurances.
The NHL may then show consideration by lightening the schedule during those two weeks. Each team has their 4-day break in there somewhere, and no back-to-backs. Maybe only 4 games over the 2 week span?