NHL commissioner Gary Bettman said talks to end the lockout of players and salvage a full season were "not progressing," based on the latest counter-proposals from players.
The two sides met for just over an hour on Thursday at players union headquarters.
Bettman indicated the league was disappointed by the players' response to a National Hockey League proposal made on Tuesday, which offered a 50-50 split of hockey-related revenues if a contract can be agreed by early November - in time to allow for a full season.
"None of the three variations of players' share that they gave us even began to approach 50-50 [revenue split] either at all or for some long period of time, and it's clear that we're not [on the same page] in terms of what they came back to us with," Bettman said.
"It is still my hope that we can accomplish my goal, the League's goal of getting an 82-game [per team] season, but I am concerned based on the proposal that was made today that things are not progressing."
Players union chief Don Fehr said the latest NHL proposal still represents huge reductions in player salaries.