The initial NHL proposal for a new collective bargaining agreement includes a reduction in the percentage of revenue the league would receive and rewrite contract structure for younger players.
The players union has yet to counter but is expected to bring its own plan to the bargaining table next week when talks resume in Toronto.
The recent gaudy contracts being floated by owners in free agency -- including a 14-year, $110 million offer sheet to Predators defenseman Shea Weber -- goes counter to commissioner Gary Bettman's call for owners to get 11 percent more of the hockey-related revenue take.
NHL players' union executive director Donald Fehr said most of this week's three-day session in New York was focused on the league proposal and was "largely informational." Those meetings wrapped up Thursday with the two sides agreeing to keep talking and no imminent signs of a lockout.
"We met for two hours, give or take, and spent most of the day discussing the owners' proposal -- mostly as it related to how their proposals could change player contracts and would have meaningful effects," said Fehr. "It's fair to say that discussion focused in no small part on what would happen to players if the scenario of their proposal was adopted."