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After five hours of talks at the league office 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.
The union contends the league hasn't offered anything to the players in exchange for their agreement to lower the percentage they receive. The players' association says the NHL, in its subsequent proposals, has agreed only to trim the amount it wishes to hold back from the players.
A new offer Tuesday isn't required for talks on hockey-related revenue to take place. But there is no guarantee the topic will be broached. Last week, the sides tried to determine what constitutes hockey-related revenue.
The league and union exchanged offers Sept. 12, but none has been made by either party since the lockout began.
[Associated
Press;
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