NEW YORK, New York -- Representatives from the National Hockey League and the NHL Players' Association met for four hours Thursday evening but failed to come to an agreement on a new collective bargaining agreement.
Neither side commented on the details of the meeting but the NHLPA admitted that there were still "significant philosophical differences" between the league and the players.
Reportedly, the NHL informally proposed a system with a hard salary cap of $42 million. There are also rumors that the deal included a salary range starting in the low $30 million range and reaching up to the $42 million mark.
Prior to the meeting, the league was rumored to be offering a deal with a dollar-for-dollar luxury tax taking effect at $40 million and a hard cap on top of it at $50 million.
While no further meetings are scheduled, reportedly "the lines of communication remained open" between the two sides.
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