In all probability this will be the make or break day for the NHL season. Put any news updates here for easy access, but please keep the discussion in other threads. To summarize yesterday's (Feb. 15) activities: - NHL offers 40M cap without linkage. - NHLPA counters with 52M cap. - NHL makes "final" offer of 42.5M. - NHLPA counters with a 49M offer. - NHL rejects 49M offer. - Goodenow responds to the NHL's rejection by saying that the NHL will receive nothing further from the NHLPA. 8:15am ET update: No movement by either side overnight. The press conference to cancel the season is still scheduled for today at 1 pm ET. 9:30am ET update: The Fan590 reports that the NHLPA has called a 4pm ET press conference. The speculation is that it may be just posturing. 10:30am ET update: Sportsnet has learned the league will come off their hard stance of $42.5 million but will not accept the union's latest offer of $49 million. 10:55am ET update: Bob McKenzie denies the sportsnet report that the NHL has come off their hard stance of 42.5M. 11:00am ET update: TSN reports that the NHL has not made contact with the NHLPA and that Bettman has informed all the teams that the season will be cancelled at 1pm ET. 1:00pm ET update: Gary Bettman cancels season. A sad day for hockey and the fans of this sport.