Representatives from the NHL and NHLPA have met seven of the last nine days, but no future talks are planned.
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.