Another round of collective bargaining talks between the NHL and NHL Players Association ended Wednesday with little or no progress made and much disappointment.

The league rejected a five-year proposal by the NHLPA, which the union said had moved "significantly'' in the owners' favor.

“No progress today,'' NHLPA executive director Donald Fehr said during his media briefing. “The players have done everything they could to get the game back on the ice.''

The NHLPA's proposal sees the union move off its position on guaranteed players share dollars and shifts more to the owners' demand of a percentage base in the revenue split.

Fehr said the sides are $182 million apart.

Fehr called it a dramatic move on the players' part, but said the owners aren't willing to budge from their position.

“On the big things, there was no reciprocity of any meaningful sense,'' Fehr said. "No movement on players' share, on salary arbitration eligibility, free agent eligibility, no movement on a pension plan.''

NHL commissioner Gary Bettman said the sides are still "far apart'' but hoped that there was some momentum to bring the lockout, which has reached 66 days, to a conclusion.

The sides might talk on Friday.

"There was movement on some issues by the Players Association, and that was appreciated, and there was movement by us on some issues,'' Bettman told reporters. "But we're still far apart. And hopefully there will have been some momentum from today's session that we can build off of to hopefully bring this process to a successful conclusion.

"I think it's frustrating and disappointing for everybody that it's taking this long. We're still far apart but we're going to stay at it.''

Bettman said the league has made its best offer, particularly on economics, and that subsequent offers will only get worse as more money is lost. He said the league is losing $18-20 million a day and players are losing $8-10 million a day.

"To expect our best economic proposal to get better as the damage continues to increase isn't particularly realistic,'' Bettman said.

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