Gap Remains in NHL Labor Talks

October 18, 2012 Updated Oct 18, 2012 at 10:01 PM EDT

By WKBW News

October 18, 2012 Updated Oct 18, 2012 at 10:01 PM EDT

BUFFALO, NY (WKBW) - Any optimism that existed on the NHL labor front, has gone away. Negotiation talks have once again come to a standstill after NHL owners rejected three different counter proposals by the NHL Players Association today in Toronto.

The same proposals that NHL Commissioner Gary Bettman said were nowhere close to the 50-50 split of hockey related revenue offered by the league back on Tuesday.

Bettman was thoroughly disappointed and said today was a step backwards.

NHLPA Director Donald Fehr said the offer by the NHL from Tuesday, was borderline unfair and among the many issues did not guarantee protection of current player contracts.

Fehr said the first two proposals, offered today by the players, were gradual steps towards the 50-50 split of hockey related revenue.

The third offer was a 50-50 split immediately, but only if owners fully honor current player contracts.

No new meetings are scheduled for either side.

In order for the NHL to maintain the full 82 game schedule that would start November 2nd, the league would need a new deal in place by next Thursday, October 25th.

Without it, expect further cancellations.