Article

Latest NHL talks fail to end lockout

30 November 2012 09:01

Latest talks to break the deadlock in the National Hockey League's labour dispute have broken up without progress.

Two days of discussions involving US Federal mediators in Toronto failed to end the lockout, which has wiped 34 percent of the NHL season.

"After spending several hours with both sides over two days, the presiding mediators concluded that the parties remained far apart, and that no progress toward a resolution could be made through further mediation at this point in time," NHL Deputy Commissioner Bill Daly said in a statement.

"We are disappointed that the mediation process was not successful."

The lockout, which the NHL has said is costing up to US20 million dollars a day, has taken its toll with a third of the regular season cancelled, along with the showcase outdoor Winter Classic on New Year's Day and January's All-Star Weekend.

The mediators were brought in with hopes of helping both sides reach an agreement over how to split $3.3 billion in hockey-related revenue.

While the sides have agreed in principle to a 50-50 split, they remain at odds over how they will reach the target.

Owners are demanding an immediate reduction from the 57 percent players received under the previous agreement while the NHL Players' Association (NHLPA) would like to see the cuts brought in gradually.

The dispute is the NHL's fourth work stoppage in 20 years and first since a 310-day lockout wiped out the 2004-05 season.

"The mediators informed the parties that they did not think it was productive to continue the discussions further today," NHLPA Executive Director Don Fehr said in a statement.

"The mediators indicated that they would stay in contact with the league and the NHLPA, and would call the parties back together when they thought the time was right."

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