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NHL CBA: Formal meetings cancelled Wednesday after Bettman, Fehr discuss financial issues

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(SB Nation) -- All the principals in NHL collective bargaining agreement negotiations met for an informal meeting at the NHLPA's Toronto offices Wednesday morning before more formal, fully-attended meetings scheduled for 1 p.m. ET were cancelled. The two sides are expected to meet again Thursday morning in Toronto.

NHLPA Executive Director Donald Fehr was joined by his brother and NHLPA advisor Steve Fehr for talks with NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly. Other parties did not attend. Daly said the two sides attempted to "chart a way forward in talks" before the NHLPA asked to delay further discussions until Thursday.

"We spent some time talking about the core economics issues," Fehr told the media at NHLPA headquarters, according to RDS.

The two sides entered the week seemingly miles apart on those economic issues. They're still split on how to divide up hockey-related revenue -- or perhaps even how to define it -- and they're still far apart on revenue sharing and rules governing player contracts.