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Posted: Thursday August 30, 2012 11:04AM ; Updated: Thursday August 30, 2012 5:32PM

NHL CBA talks off until Friday

Story Highlights

The NHLPA is taking an extra day to respond to the NHL's new proposal

Team owners and players are at an impasse on the revenue sharing issue

NHLPA boss Don Fehr says the current proposal significantly cuts players' share

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NHLPA boss Donald Fehr at NHL CBA talks in New York
NHLPA director Donald Fehr believes teams should share more revenue rather than take money away from the players.
Kathy Willens/AP
NHL CBA Talks 2012
Features And Analysis

NEW YORK (AP) -- The NHL's collective bargaining talks are on hold until Friday.

Donald Fehr, the executive director of the NHL Players' Association, had originally said he was "optimistic" the union would table a counterproposal Thursday. Fehr could extend a counteroffer on Friday at the NHL's New York office.

MUIR: NHLPA response will speak volumes

The current agreement expires Sept. 15, when the league has said it will lock out the players if a new deal is not in place.

The two sides are at odds over hockey-related revenue. The league wants to knock down the players' percentage to 46. The players' share of HRR was 57 percent last season. Fehr said changes in how HRR is calculated would see the amount of money players give up to escrow increase "significantly." Under the NHL's proposal, the union said current contracts would not be paid in full.

MUIR: NHL's latest offer a shell game

NHL Commissioner Gary Bettman issued his second proposal to the NHLPA on Tuesday in New York, an offering he called "meaningful" and "significant." On Wednesday, the two sides met again, and broke the proposal down with several player representatives in attendance.

"We're hopeful that it's a meaningful proposal that we can continue to make progress from," NHL Deputy Commissioner Bill Daly said Thursday. "We feel like we made a good step in that direction earlier this week and we hope that they would make a step forward as well."

Fehr was accompanied Wednesday by NHLPA special consultant Mathieu Schneider, as well as Mike Komisarek (Toronto), Douglas Murray (San Jose), George Parros (Florida), Chris Phillips (Ottawa), Kevin Shattenkirk (St. Louis), Kevin Westgarth (Los Angeles), Craig Adams (Pittsburgh), Nick Bonino (Anaheim), B.J. Crombeen (Tampa Bay), Alex Goligoski (Dallas) and Ron Hainsey (Winnipeg).

The NHL regular season is slated to begin on Oct. 11.

"Obviously, the clock is ticking," Daly said. "We're almost into September now."

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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