from Mark Everson of the NY Post,

The word that came out of today’s NHL Board of Governors meeting is that optimism is overblown for a quick end to Owners’ Lockout III.

One of the hard-liners insisted there has been no moderation in the league’s demands, and indicated that hope raised by Tuesday’s owners/players meeting was irrational exuberance.

Governors were reluctant to comment on their Midtown meeting Wednesday, fearing hefty league fines, and while most maintained a generally sunny outlook, it is believed that the 10 hours of talk Tuesday did not deal in specifics on the key issue of the split of revenue.

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