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The league and the union did little to close the gap keeping them from a deal, and the likelihood of any hockey being played in October is quickly fading.
After five hours of talks at the league office on Wednesday, the sides got back together for nearly as long -- in two sessions -- on Thursday.
Daly estimated the NHL lost $100 million from the cancellation of the entire preseason and would be out another $140 million to $150 million with the regular-season losses.
The NHL still says it is waiting for a new proposal from the union, with the owners adamant players accept a significant drop from the 57 percent of revenue they received under the salary cap in the last contract. The players don't want what they consider massive cuts at a time when the overall revenue pot reached record numbers ($3.3 billion) last year.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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