Representatives from the National Hockey League and the NHL Players' Association will meet on Saturday, even though the season has already been cancelled. Reportedly, an agreement in principle on a salary cap already exists and the Saturday meeting would clear up other loose ends.

Both sides denied that an agreement had been reached, dispite the intervention of Mario Lemieux and Wayne Gretzky, two of the greatest players of all time who are now owners.

"The report is absolutely false," a spokesman for the NHLPA said.

Bill Daly, NHL vice president, who told Canada's TSN that the report was "entirely untrue and without foundation."

If an agreement is reached, the season will be un-cancelled and a 28-game, intra-conferecne schedule will be played.

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