No comment but sides plan to meet again Friday

TORONTO – The NHL and players' association will meet for a third straight day of negotiations on Friday following two days of small-group talks that focused on revenue calculation and financial reporting.

Each side declined to comment about the details of the 10-hour
meeting Thursday, which followed Wednesday's 10-hour session.

"As we will be resuming negotiations Friday, we will defer
comment on the status of negotiations until that session is
complete," Bill Daly, the NHL's chief legal officer, said in a

The sides have focused on a review of revenue measurement and
financial reporting issues, trying to reach common ground on
team-by-team revenues and how to associate them to a salary cap.
The league and union have agreed that a salary cap model with an
upper and lower limit will be the centerpiece of a new collective
bargaining agreement.

The small-group meetings carried over from Wednesday's session
to Thursday. NHL commissioner Gary Bettman and players' association
executive director Bob Goodenow were on hand, but didn't meet
face-to-face. In addition to small-group meetings, each side spent
some time in caucus.

Small-group talks will resume early Friday before Bettman and
Goodenow join their sides for a bargaining session.

"We continued our small-group meeting throughout the day and
evening, and plan to meet again tomorrow morning in both small and
large groups. We will not be making further comment until
tomorrow's meetings have concluded," NHLPA senior director Ted
Saskin said in a statement.

Thursday's session was the 18th between the sides since the
season was canceled Feb. 16.