Originally posted on Sports Business Digest  |  Last updated 10/3/12

It might be an understatement to say things aren't looking too good at the moment for the NHL. The NHL and the NHLPA continued to discuss a new collective bargaining agreement on Tuesday, ending a two-hour negotiating session with what NHL Deputy Commissioner Bill Daly termed as "no progress".

"Today wasn't overly encouraging, that's for sure," Daly said after the latest meeting toward establishing a new Collective Bargaining Agreement. "I think it goes back to us really tackling the main issues that are at issue in this negotiation and seeing if we have some traction toward some middle ground. "We're looking for a long-term deal that's fair for the players, fair for the teams and good for the fans. That's what we want out of this negotiation and we need a negotiating partner to get there."

No Progress. The league, which has already canceled the entire pre-season is almost certainly put in the position of having to cancel at least a portion of the 2012-2013 regular season, with those games being scheduled to start on October 11th. The league has already suffered $100 million in losses the price tag for canceling the preseason, according to Daly. Both sides are counting the loss, with neither side recouping the money. The NHL brings in roughly $3.3 billion in revenue per season. No further meetings between the two sides are currently scheduled, but NHLPA Executive Director Donald Fehr stated that he was having regular conversations with NHL Commissioner Gary Bettman. Still at issue is how both sides will divide the league's hockey-related revenue for the foreseeable future. While both sides do not seem to be any closer on that issue, Fehr believes that further discussions on the other, not as critical issue, of defining and interpreting hockey-related revenue can be nothing but helpful to solving the overall labor problem,

"From our standpoint you ought to be continually talking, even if you are disagreeing and not making progress, because you never know when somebody is going to say something that's going to spark an idea that will allow you to make progress," Don Fehr said. "If you're not doing well on subject A and subjects B, C, D and E need to be talked about, sooner or later we ought to be talking about those things. Even if you don't reach resolution on those things, hopefully we push them along."

While there are certainly some fans that still hope that the season will start on time, Daly's last words to reporters were telling,

"Certainly we're trying to be as creative as we can be and we want to think of ways to approach the issue," Daly added. "But, unless and until we hear from them and they make some movement or show some willingness to compromise I'm not sure how we get this done."

; information for this story: NHL.com/Dan Rosen (@drosennhl) ;

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

LeBron James says Kevin Love-Celtics trade rumor is false

Michael Jordan gifts Kobe Bryant full set of Air Jordans

Bethune-Cookman football player killed at party

Former UFC heavyweight Kevin Randleman dead at 44

WATCH: Chelsea scores three goals in less than 20 minutes

Broncos safety Shiloh Keo arrested for DUI

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Mountain West admits error, says Boise St. shot was good

WATCH: John Calipari loses his mind, gets ejected

Former Clemson star Tajh Boyd to speak at John Kasich rally

Peyton Manning's alleged not-so-wholesome image

Hawks not shopping Al Horford at NBA trade deadline

Report: Lincecum has been throwing in secret location

Check out this custom camouflage Oregon helmet

Ejected John Calipari tweets “they don’t need me and I love it”

Popovich would 'buy ticket' to watch Warriors play

Jamal Murray destroyed South Carolina defender with dunk

WATCH: Lon Kruger gets Oklahoma hoops squad hype for Kansas test

Texas signee glad he didn’t pick Texas A&M after alleged racism

Dallas Stars have passed the early tests in February

Could Matt Forte become the revival for Patriots run game?

Are the Celtics legimate contenders in the East?

WATCH: Jabari Parker is no joke at NBA Rising Stars Challenge

How Marvelous Marv Throneberry became a Met

WATCH: Filip Forsberg goes beast on Lightning with this goal

Carmelo Anthony on trade rumors: ‘I’m not going anywhere’

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

Ranking the ten best free agent pitcher signings

Who had the best NBA All-Star Game of the last 40 years?

The winners and losers of the 2016 MLB offseason

On Kobe Bryant and taking greatness for granted

Bucks need to choose between wins, development

Fantasy booking WrestleMania 32

Unrestricted free agents each team must consider re-signing

QUIZ: Name the winners of the NBA Slam Dunk Contest

Thank you Daniel Bryan

The timeless greatness of Jaromir Jagr

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker