TORONTO — NHL labor talks are set to resume with a wide gap remaining and time running out to avoid a potential lockout.

NHL Players’ Association executive director Don Fehr and NHL commissioner Gary Bettman are scheduled to be back at the negotiating table at the union’s headquarters in Toronto on Wednesday. It will mark the first time in a week the respective leaders will meet face to face after negotiations hit a significant snag.

Last week, Bettman essentially rejected the union’s counterproposal by calling it incomplete and suggested the sides aren’t on the same page in addressing the league’s economic issues.

Both sides are committed to continuing discussions with a belief a breakthrough can be achieved.

“We are hoping that our meetings this week can serve as a jumping off point for further discussion and negotiation over the critical economic and system issues that we need to resolve in order to reach an agreement,” NHL deputy commissioner Bill Daly wrote in an email to the Canadian Press.

Fehr is hoping the sides can begin finding common ground on the union’s proposal to increase revenue-sharing between teams.