Originally written on Fang Faction  |  Last updated 11/14/14

GLENDALE, AZ - APRIL 14: NHL commissioner Gary Bettman speaks during a press conference before Game One of the Western Conference Quarterfinals between the Detroit Red Wings and the Phoenix Coyotes during the 2010 NHL Stanley Cup Playoffs at Jobing.com Arena on April 14, 2010 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)

After three hours of negotiations, the National Hockey League and National Hockey Players' Association both gave each other proposals Wednesday.

The NHLPA gave their proposal to the NHL at the start of the meeting in New York City Wednesday morning. In this proposal, the Union are willing to extend the length of the contract from four years, like their first proposal on August 14, to five years.

Also, Don Fehr said that in their proposal, the PA are looking to get 51% of all revenues in the NHL. "Our offer today would save the owners $900 million," said Fehr.

According to Gino Reda of TSN, the players aren't willing to take a smaller share of money, but not less money. What that means is, as more revenue is generated and made in the NHL, they will still get the same money they made last season towards next season.

Gary Bettman didn't like the deal and had this to say about it, "The players proposal was not much different and was not acceptable."

Not too much revealed as of now what the NHLPA proposed to the NHL in the morning, but more should come soon. 

Gary Bettman, Bill Daly, the owners and the rest of the NHL crew also gave the Union a proposal Wednesday that they feel very strong about. "We made clear in presenting the proposal that this proposal was intended to lead to a deal before the weekend, before the expiration of the current Collective Bargaining Agreement, and that if in fact a deal was not achievable what we had proposed would be off the table," said NHL commissioner Bettman.

The NHL proposed that instead of a drop in hockey related revenues to 47% in the first season, it would drop to just 49%, which would mean the NHLPA's HRR would drop 8%. After the first season, it would go back to 47%. However, Fehr will not like that too much.

Bettman also said that they were going to give the Union an extra $250 million - $300 million on top of the $460 million given to them in their last proposal.

They are still far apart, it seems. Hopefully meetings continue in the next few days before "the bell tolls". 

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

MLB could move Orioles’ home games to another city

Kyle Lowry isn't exactly endorsing coach Dwayne Casey

J.R. Smith suspended two games for hitting Jae Crowder

Duke takes over as the No. 1 recruiting class

Kevin Love not expected to be available next series

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Titans have reportedly been 'all over' Marcus Mariota

Report: Browns talked with Redskins about trading up

Doc Rivers tore into Clippers in film room after blowout loss

Josh Hamilton officially traded back to Rangers

Report: Landing Adrian Peterson too costly for Cardinals

Report: Antonio Brown joins Steelers voluntary work outs

WATCH: Paul Pierce bangs glass at Capitals-Islanders Game 7

Jon Jones turns himself into police, facing felony charge

Report: Brady was at stadium day of White House visit

Arkansas has leather belt to commemorate Texas Bowl win

John Angelos, Orioles got it right with Freddie Gray protest

Belichick's girlfriend fine with coach checking out Teigen

V. Stiviano posts birthday message to 'BFF' Donald Sterling

Mark Cuban and the inevitable playoff peril of the Mavs

Wizards made Raptors look bad while remaking themselves

Previewing Game 7 showdown between Islanders and Capitals

WATCH: Rick Carlisle tapes mouth shut so he can't rip refs

NFL Draft 2015: Ranking the quarterbacks

NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Jon Jones turns himself into police, facing felony charge

MLB could move Orioles’ home games

Duke takes over as the No. 1 recruiting class

Titans have been 'all over' Mariota?

Doc Rivers tore into Clippers after loss

Worst picks ever by every NFL franchise

Report: Cowboys not in on Peterson

NFL Draft 2015: Ranking the QBs

Top 10 storylines for the 2015 NFL Draft

Paul Pierce trolls Raptors fans

Yes, ESPN2 is airing video games

Darko Milicic is enjoying life

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.