from Elliotte Friedman of CBC,

As of Friday night, here's where things stand: the players (and their lawyers) are poring over the 300 pages sent over by the league. Basically, the package consists of three separate pieces.

First, there is a summary of the key points. Then, there is a "Memorandum of Understanding," which contains more detail (Its inclusion is interesting, because, in 1995, the two sides played through an M.O.U. with the full CBA not signed until August).

The final part is a detailed offer complete with the expected legalese. That receives the closest scrutiny. Whoever in the NHL writes the "summaries" does a great job, as one player joked that what's written in them often sounds much better than what is in the legalese.

That's why the players are being so cautious and careful in their reactions. Scheduled for Saturday is at least one conference call where the NHLPA will ask specific questions about the legal document. It's what you'd expect: "What exactly does this mean?" or "We interpret this line a certain way, do you agree?"

continued or watch the video below in which Friedman tells us where things stand as of last night...