added 10:22am, via Katie Strang of ESPN New York,

A source confirmed to ESPNNewYork.com that the league's latest offer on the "make whole" provision to honor existing contracts includes $211 million to be paid out over the first two years of the deal.

The NHLPA feels it is owed much more, however. An additional source told ESPNNewYork.com that the union is seeking $590 million.

The two sides remain far apart on player rights and contracting issues as well, a source confirm to ESPNNewYork.com.