from Michael Russo of Russo's Rants,

But talks did not end well today, I am told.

The NHL was perplexed by a memo that NHLPA Executive Director Don Fehr sent his 725 constituents on Thursday night that stated there’s a “significant gap” between the two sides, according to multiple NHL sources close to the negotiations.

The league feels the memo isn't a fair portrayal of what the owners offered....

The league has been under the impression that the majority of players are ready to get back onto the ice if revenues are split 50/50 and all contracts are honored in full. Several players have told the Star Tribune that in recent days.

That’s exactly what the owners have offered the players, the sources say, something Fehr did not spell out in his memo.

The league has promised to honor all existing contracts and guarantee players their $1.883 billion share – or 57 percent of last year’s revenue, the sources say.

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