NEW YORK (AP) — The NHL's collective bargaining talks are on hold until Friday.

Donald Fehr, the executive director of the NHL Players' Association, had originally said he was "optimistic" the union would table a counterproposal Thursday. Fehr could extend a counteroffer on Friday at the NHL's New York office.

The current agreement expires Sept. 15, when the league has said it will lock out the players if a new deal is not in place.

The two sides are at odds over hockey-related revenue. The league wants to knock down the players' percentage to 46. The players' share of HRR was 57 percent last season. Fehr said changes in how HRR is calculated would see the amount of money players give up to escrow increase "significantly." Under the NHL's proposal, the union said current contracts would not be paid in full.

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