Formal meetings between the NHLPA and commissioner Gary Bettman were cancelled on Wednesday. Bettman, along with deputy NHL commissioner Bill Daly, spoke informally with NHLPA Executive Director Donald Fehr and his brother, NHLPA advisor Steve Fehr in an attempt to "chart a way forward in talks."

The Fehrs requested to delay further discussions to Thursday. The two sides of the CBA disagreement are discussing how to divide up the hockey-related revenue. Revenue sharing and rules regarding player contracts are also key issues in these negotiations.

The two sides appear to be miles apart at this stage of the negotiations and the players have already said that they will not play if a new CBA is not in place. In addition, Bettman has already announced that the owners will lock out the players if a deal is not reached by September 15. The regular season is tentatively scheduled to begin on October 11.

For all the news surrounding the NHL's collective bargaining agreement and the ongoing quest to replace it, stick with this StoryStream.