Commissioner Gary Bettman announced the offer Tuesday in Toronto.
Frustration is building on both sides as the lockout approaches its fifth week. The first regular-season games were missed Thursday night.
Both sides say talks were cordial. The problem is that they aren’t discussing core economic issues.
The meeting on Friday marked the first negotiating session since talks broke off Tuesday in New York.
These will be the first formal negotiations since Sept. 12, when the players and owners exchanged proposals.
While it may be too late to save what image is left, they will have a deal.
The current collective bargaining agreement expires on Sept. 15, and the NHL has already warned that it will lock out its players.